Brief Exercise 11-5 Your answer is partially correct. Try again. Mordica Company's standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company incurs 2,970 hours of direct labor at an hourly cost of $9.90 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 Favorable Labor price variance 3267 T Favorable A Labor quantity variance | Favorable A Click if you would like to Show Work for this question: Open Show Work