The standard cost of product 2525 includes 2 hours of direct labor at $14.00 per hour. The predetermined overhead rate is $21.00 per direct labor hour. During July, the company incurred 4,100 hours of direct labor at an average rate of $14.40 per hour and $81,300 of manufacturing overhead costs. It produced 2,000 units.
(a) Compute the total, price, and quantity variances for labor.
(b) Compute the total overhead variance.