The standard cost of product 2525 includes 3.60 hours of direct labour at $14.10 per hour. The predetermined overhead rate is $20.85 per direct labour hour. During July, the company incurred 7,040 hours of direct labour at an average rate of $14.40 per hour and $140,514 of manufacturing overhead costs. It produced 1,900 units. (a) 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 0 decimal places, e.g. 125.) Ivanhoe Co. uses a standard job cost system with a normal capacity of 25,100 direct labour hours. Ivanhoe Co. produces 12,000 units, which cost $207,900 for direct labour (23,100 hours), $27,480 for variable overhead, and $139,200 for fixed overhead. The standard variable overhead per unit is $2 ( 2 hours at $1 per hour), and the standard fixed overhead per unit is $10.30 ( 2 hours at $5.15 per hour). Calculate the fixed overhead spending (budget) variance