Concord Company's standard labor cost of producing one unit of Product DD is 4 hours at the rate of $10.80 per hour. During August, 35,600 hours of labor are incurred at a cost of $10.95 per hour to produce 8,800 units of Product DD. Compute the total labor variance. Total labor variance $ (b) Compute the labor price and quantity variances. Labor price variance $ Labor quantity variance $ (c) Compute the labor price and quantity variances, as Labor price variance $ Labor quantity variance $
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