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Use the following information to answer the next two questions: 4. Cola Co. manufactures a product with a standard direct labor cost of two hours

Use the following information to answer the next two questions: 4. Cola Co. manufactures a product with a standard direct labor cost of two hours at $24.00 per hour. During July, 2,000 units were produced using 4,200 hours at $24.40 per hour. The labor quantity variance was a. $4,880F b. $4,800U c. $4,800F d. $4,880 5. The labor price variance was a. $1,680U b. $6,480U c. $6,480F d. $1,680F

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