Where do they get the 4,840 value from? How did they arrive at that?

Do It! Review 12.14 ab (Part Level Submission) The standard cost of product 2525 includes 2.20 hours of direct labour at $14.25 per hour. The predetermined overhead rate is $22.95 per direct labour hour. During July, the company incurred 4,940 hours of direct labour at an average rate of $14.65 per hour and $108,078 of manufacturing overhead costs. It produced 2,200 units. V (a) Calculate the total, price, and quantity variances For labour. Total labour variance 3; 3'401 Unfavourable v Labour price variance $ V Labour quantity variance 3; Do It! Review 12.14 a-b (Part Level Submission) Total labour variance = (AH x AR) - (SHA x SR) = (4,940 * $14.65) - ((2,200 x 2.20) x $14.25) = $72,371 - $68,970 = $3,401 Unfavourable Labour price variance = (AH x AR) - (AH x SR) Direct Labour (hours) = (4,940 x $14.65) - (4,940 x $14.25) = $72,371 - $70,395 = $1,976 Unfavourable Labour quantity variance = (AH x SR) - (SQ x SR) Direct Labour (hours) = (4,940 x $14.25) (4,840 x $14.25) = $70,395 - $68,970 = $1,425 Unfavourable