The standard cost of product 2525 includes 2.65 hours of direct labour at $14.55 per hour. The predetermined overhead rate is $22.30 per direct labour hour. During July, the company incurred 4,440 hours of direct labour at an average rate of $14.85 per hour and $92,452 of manufacturing overhead costs. It produced 1,600 units. (a) V Your answer is correct. Calculate the total, price, and quantity variances for labour. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to O decimal places, e.g. 125.) Total labour variance to -4242 Unfavourable Labour price variance to -1332 Unfavourable Labour quantity variance to -2910 UnfavourableCalculate the total overhead variance. Total overhead variance $ Favourable