Whispering Company's standard labor cost per unit of output is $32.40 {2.10 hours :9: $12.00 per hour}. During August, the company incurs 2,970 hours of direct labor at an hourly cost of $10.30 per hour in making 1,000 units ofnished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, 23. 52.75.] Total labor variance $ ' Favorable VI Labor price variance $ Favorable V Labor quantity variance $ Unfavorable V