The standard cost of product 2525 includes 5.00 hours of direct labour at $13.40 per hour. The predetermined overhead rate is $22.35 per direct labour hour. During July, the company incurred 14,100 hours of direct labour at an average rate of $13.70 per hour and $310,500 of manufacturing overhead costs. It produced 2,800 units. (a) Calculate the total price and quantity variances for labour. Total labour variance Labour price variance $ Labour quantity variance