Hartley Company?s standard labor cost per unit of output is $24.36 (2.1 hours x $11.60 per hour). During August, the company incurs 2,300 hours of direct labor at an hourly cost of $11.33 per hour in making 1,100 units of finished product. Compute the total, price, and quantity labor variances. Solution Total Labor Variance: = Total Hours X Hourly Cost =2300X11.33 =26059 Favourable Labor Price Vaiance= 11.60 - 11.33 =.27 Favorable Labor Quantity VarianceB, =23069Â Â Â Â Â Â Â Â Â Â Â Â Â 18 Favourities .