The standard cost of product 5252 includes 1.90 hours of direct labor at $11.20 per hour. The predetermined overhead rate is $22.00 per direct labor hour. During July, the company incurred 4,000 hours of direct labor at an average rate of $11.40 per hour and $82,200 of manufacturing overhead costs. It produced 2,000 units (a) Compute the total, price, and quantity variances for labor. $ Total labor variance Labor price variance $ Labor quantity variance $ Cheyenne Company is planning to produce 2,700 units of product in 2017. Each unit requires 1.60 pounds of materials at $5.40 per pound and a half-hour of labor at $14.00 per hour. The overhead rate is 80% of direct labor. (a) Compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead. Direct materials Direct labor $ Overhead $