5. EX.23.08.ALGO (Algorithmic) Direct Labor Variances The following data relate to labor cost for production of 6,200 cellular telephones: Actual: 4,220 hrs. at $13.30 Standard: 4,150 hrs. at $13.60 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance Time variance $ $ Total direct labor cost variance $ b. The employees may have been less-experienced or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in performance. Thus, the actual time required was, 6. EX.23.09.ALGO (Algorithmic) Direct Labor Variances than standard. efficient Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data for October of the current year are available: Quantity of direct labor used Actual rate for direct labor Bicycles completed in October Standard direct labor per bicycle 690 hrs. $12.40 per hr. 320 bicycles 2 hrs. Standard rate for direct labor $12.60 per hr. a. Determine for October the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Labor Rate Variance. Direct Labor Time Variance $ Total Direct Labor Cost Variance $