Brief Exercise 24-05 CALCULATOR PRINTER VERSION BACK NEXT 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 2,150 hours of direct labor at an hourly cost of $10.80 per hour in making 1,000 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 $ Labor price variance $ Labor quantity variance $ LINK TO TEXT Favorable Neither favorable nor unfavorable Unfavorable