Cost of producing one unit

Question

Scheer Company's standard labor cost of producing one unit of Product DD is 4 hours at the rate of $12.00 per hour. During August, 40,800 hours of labor are incurred at a cost of $12.10 per hour to produce 10,000 units of Product DD.

• Compute the total labor variance.
• $ FavorableUnfavorable
• Compute the labor price and quantity variances.
• Labor price variance $ UnfavorableFavorable
• Labor quantity variance $ UnfavorableFavorable

1. Repeat the previous question, assuming the standard is 4.2 hours of direct labor at $12.25 per hour.
2. Labor price variance $ UnfavorableFavorable
3. Labor quantity variance $ UnfavorableFavorable.