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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