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PRINTER VERSION 4 NE Question 2 Talbot Company's standard labour cost per unit of output is $27.40 (2 hours $13,70 per hour). During August, the company incurs 2,370 hours of red tabour at an hourly cost of $12.50 per hour in making 1,600 units of finished product. Calculate the total price and quantity labour variances Total labour variance Labour price variance Labour quantity variance