FACTS - For EQB LLC, the following financial information applies: Actual labor used (in hours): Actual labor cost (in $/hour): Standard labor budgeted (in hours) Standard labor cost (in $/hour) 1900 $15.10 1775 $14.90 10. 11. Calculate EQB LLC's labor price variance. Calculate EQB LLC's labor quantity variance. 12. A business sector of Purple Ltd. ("Sector A") has control over its operating revenues and variable costs. Nevertheless, a large portion of its fixed costs are incurred on behalf of all business sectors of Purple Ltd., including Sector A. Thus, Sector A is not in control of all of its fixed costs. Within Purple Ltd., Sector A is best described as a(n): A. Cost center B. Profit center C. Investment center. D. Subsidiary. E. There are not enough facts to make this determination