Wildhorse Company's standard labor cost of producing one unit of Product DD is $3\mathrm{.}50$ hours at the rate of $$12\mathrm{.}00$ per hour. During August, $42,900$ hours of labor are incurred at a cost of $$12\mathrm{.}15$ per hour to produce $12,100$ units of Product DD$.($a$)$Compute the total labor variance.Total labor variance$$($b$)$Compute the labor price and quantity variances.Labor price variance$Labor quantity variance$$($c$)$Compute the labor price and quantity variances, assuming the standard is $3\mathrm{.}8$ hours of direct labor at $$12\mathrm{.}30$ per hour.Labor price variance$Labor quantity variance$