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Mordica Company’s standard labor cost per unit of output is $22.00 (2.00 hours x $11.00 per...

Mordica Company’s standard labor cost per unit of output is $22.00 (2.00 hours x $11.00 per hour). During August, the company incurs 2,420 hours of direct labor at an hourly cost of $12.10 per hour in making 1,100 units of finished product.

Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.)

Total labor variance $enter a dollar amount rounded to 2 decimal places select an option

UnfavorableFavorableNeither favorable nor unfavorable
Labor price variance $enter a dollar amount rounded to 2 decimal places select an option

Neither favorable nor unfavorableUnfavorableFavorable
Labor quantity variance $enter a dollar amount rounded to 2 decimal places select an option

UnfavorableFavorableNeither favorable nor unfavorable
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