Ratliff Industries provided the following information about its standard costing system for 2011: 
Instructions
Calculate the labor price variance and the labor quantity variance.
Definitions:
Payroll Register
A record that summarizes the wages, deductions, and net pay of all employees for each pay period.
Annual Earnings
The total amount of profit a company produces during a specific year.
Warranty Cost
Expenses associated with the repair, replacement, or refund for products within their warranty period.
Actual Warranty Costs
The real expenses incurred by a company to repair or replace products under warranty.
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