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PRETEK VERSION HACK REXT Question 5 Pagley Company's standard labour cost of producing one unit of product is 3.45 hours at the rate of $14.70 per hour. During August, 47,570 hours of labour are incurred at a cost of $15.00 per hour to produce 13,400 units of product DD. Calculate the labour price and quantity variances. 14271 Labour price variance: Unfavourable 19698 Labour quantity variance: Unfavourable SHOW SOLUTION LINK TO TEXT (c) Calculate the labour price and quantity variances, assuming the standard is 3.70 hours of direct labour at Labour price variance: $ Labour quantity variance