C Book Ofice 305 Direct labor variances Bellingham Company produces a product that requires standard direct latice hours per unit at a standard hourly rate of $20,00 per hour 15,200 units used 63,700 hours at an hourly rate of $19 30 per hour This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and inout your names in the questions below Open spreadsheet What is the direct labor(a) rate variano, (b) time variance, and (c) cout variance Round your awers to the nearest dollar Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number a Direct labor rate variance Favorable h. Direct labor time variance Unfavorable c. Direct labor cost variance Unfavorable Yowy Lintevate osoan be thought of an increasing costs in debit Favorite variances can be thought of creating Good The worcovariances the forence between the action standard boost