Question 34 Kopecky Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product: Direct materials (6 kg at $1.55 per kilogram) Direct labour (2.60 hours at $10.00 per hour) $9.30 $26.00 During the month of April, the company manufactures 220 units and incurs the following actual costs: Direct materials purchased and used (1,520 kg) Direct labour (550 hours) $2,584 $5,280 Calculate the total, price, and quantity variances for materials and labour. Materials Labour Price variance Quantity variance $ Total variance $