-Your answer is partially correct. Mordica Company's standard labor cost per unit of output is $24.64 (2.20 hours x $11.20 per hour). During August, the company incurs 2,233 hours of direct labor at an hourly cost of $11.59 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, eg. 52.75) Total labor variance Labor price variance $ Labor quantity variance 2399.47Unfavorable 909.87 Unfavorable 14896 | |Neither favorable nor unfavorable