Mordica Company's standard labor cost per unit of production is $22.00 (2.00 hours x $11.00 per hour). During August, the company incurs 2,640 direct labor hours at an hourly cost of $9.90 per hour to produce 1,200 units of finished product. 

Calculate total labor, price, and quantity variances.

Answer rating: 100% (QA)

Labor Rate Variance Labor Rate Variance Standard Labor Rate Actual Labor Rate x Actual Labor Hours G... View the full answer