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Vaughn Companys standard labor cost per unit of output is $32.40 (2.70 hours x $12...

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Accounting

Vaughn Companys standard labor cost per unit of output is $32.40 (2.70 hours x $12 per hour). During August, the company incurs 2,970 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, e.g. 52.75.)

Total labor variance

$enter a dollar amount rounded to 2 decimal places

select an option FavorableNeither favorable nor unfavorableUnfavorable
Labor price variance

$enter a dollar amount rounded to 2 decimal places

select an option Neither favorable nor unfavorableUnfavorableFavorable
Labor quantity variance

$enter a dollar amount rounded to 2 decimal places

select an option

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