Charlatte Company has determined that the standard cost to manufacture i product includes 2 units of direct materials at $6.00 per unit. During January, the company purchased 50,800 units of direct materials at a cost of $5.80 per unit and used 50,800 units of direct materials to produce 23,400 units of its product. Calculate the total materials variance, and the price and quantity variances. Materials Variance Materials Price Variance Favourable Unfavourable Neither favourable nor unfavourable Materials Quantity Variance Talbot Company's standard labour cost per unit of output is $28.00 (2 hours * $14.00 per hour). During August, the company incurs 2,550 hours of direct labour at an hourly cost of $13.70 per hour in making 1,200 units of finished product. Calculate the total, price, and quantity labour variances. Total labour variance $ Labour price variance $ Labour quantity variance