Talbot Company's standard labour cost per unit of output is $28.70 (2 hours x $14.35 per hour). During August, the company incurs 3,140 hours of direct labour at an hourly cost of $14.25 per hour in making 1,500 units of finished product. Calculate the total, price, and quantity labour variances. Total labour variance Labour price variance Labour quantity variance $ Talbot Company's standard labour cost per unit of output is $28.70 (2 hours x $14.35 per hour). During August, the company incurs 3,140 hours of direct labour at an hourly cost of $14.25 per hour in making 1,500 units of finished product. Calculate the total, price, and quantity labour variances. Total labour variance Favourable Neither favourable nor unfavourable Unfavourable Labour price variance Labour quantity variance$