Total labor variance

Wamser Company's standard labor cost per unit of output is $20 (2 hours x$10 per hour). During August, the company incurs 2.100 hours of direct labor at an hourly cost of $10.50 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. Total labor variance =$2,000U Total labor variance =$2,500U Total labor variance =$2,050U Total labor variance =$2.550U