Talbot Company's standard labour cost per unit of output is $20.80 (2 hours * $10.40 per hour). During August, the company incurs 2,340 hours of direct labour at an hourly cost of $10.20 per hour in making 1,100 units of finished product. Calculate the total, price, and quantity labour variances. QUESTION 2 Gomez Company has 1,900 kg of raw materials in its December 31, 2020, ending inventory. Required production for January and February is 5,100 and 6,300 units, respectively. 2 kilograms of raw materials are needed for each unit, and the estimated cost per kilogram is $6. Management wants an ending inventory equal to 25% of next month's materials requirements. Calculate the Total Cost of Direct Material Purchases