Mordica Company's standard labor cost per unit of output is $22.00 (2.00 hours x $11.00 per...
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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, eg. 52.75) Total labor variance $ Labor price variance S Labor quantity variance S 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, eg. 52.75) Total labor variance $ Labor price variance S Labor quantity variance S
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