Hartley CompanyA????1s standard labor cost per unit of output is $24.36 (2.1 hours x $11.60 per hour). During August, the company incurs 2,300 hours of direct labor at an hourly cost of $11.33 per hour in making 1,100 units of finished product.
Compute the total, price, and quantity labor variances.Total labor variance
$ FavorableUnfavorableNeither favorable nor unfavorable Labor price variance
$ FavorableUnfavorableNeither favorable nor unfavorable Labor quantity variance
$ FavorableUnfavorableNeither favorable nor unfavorable