Wamser Companys 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. Group of answer choices

Labor quantity variance = $1,050 U

Labor quantity variance = $1,500 U

Labor quantity variance = $1,000 U

Labor quantity variance = $2,000 U