Mordica Company’s standard labor cost per unit of output is $22.00 (2.00 hours x $11.00 per hour). During August, the company incurs 2,640 hours of direct labor at an hourly cost of $9.90 per hour in making 1,200 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 Labor price variance $enter a dollar amount rounded to 2 decimal places select an option Labor quantity variance $enter a dollar amount rounded to 2 decimal places select an option