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(Weygandt, Managerial Accounting). Mordica Company’s standard labor cost per unit of output is $33.00 (3.00 hours...

(Weygandt, Managerial Accounting). Mordica Company’s standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company incurs 2,970 hours of direct labor at an hourly cost of $12.10 per hour in making 1,100 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 $

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