Mordica Company's standard labor cost per unit of output is $36.00 (3.00 hours x $12.00 per...

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Mordica Company's standard labor cost per unit of output is $36.00 (3.00 hours x $12.00 per hour). During August, the company incurs 2.970 hours of direct labor at an hourly cost of $13.20 per hour in making 1.100 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 $ Labor quantity variance 390 Favorable Mordica Company's standard labor cost per unit of output is $36.00 (3.00 hours x $12.00 per hour). During August, the company incurs 2.970 hours of direct labor at an hourly cost of $13.20 per hour in making 1.100 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 $ Labor quantity variance 390 Favorable