Splish Company's standard labor cost of producing one unit of Product DD is 3.40 hours at the rate of $10.50 per hour. During August, 42,900 hours of labor are incurred at a cost of $10.70 per hour to produce 12,400 units of Product DD. (a) Compute the total labor variance. Total labor variance $ (b) Compute the labor price and quantity variances. Labor price variance Labor quantity variance $ Compute the labor price and quantity variances, assuming the standard is 3.60 hours of direct laborat $10.85 per hour Labor price variance Labor quantity variance S