Sharp Pens Ltd. manufactures pens in order to make one pen 6 minutes are set as standard direct labour time required. Actual direct labour time is less than the standard time by 1 20 minute. The labour cost is $15 per hour set as standard whereas actual labour rate is $15 30 per hour The company actually manufactured 20000 pens in a week. Calculate the total labour variance and the labour price variance for the week. Also mention whether it is favourable (F) or unfavourable (0) Write For U 1) total labour variances Write For U 1) labour pnce vanances