仁 Monty Company provided the following information about its standard costing system for 2022 Standard Data Actual Data Materials 10 lbs. @ 54 per Ibs. 4,100units paɔnpo Labor 3 hrs. @ $21 per hr. Materials purchased 51,000 lbs. costing 5219,300 Budgeted production 3,600 units Materials used Labor worked 11,200 hrs. costing $224,000 Calculate the labor price variance and thelaborquantity variance. Identifywhethereach variance is favorable or unfavorable. Labor Price Variance Labor Quantity Variance e Textbook and Media Saie for Later Attempts: 0 of 3 used Submit Anewer

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