Consider the following: Actual Labor Cost Actual Actual Actual Hours x Rate Hours I Standard Rate = A B Standard Labor Cost Standard Standard Hours x Rate 2,000 x $14.50 $29,000 2,000 x $15.00 $30,000 1,800 x $15.00-$27,000 Which of the following statements is true? C The result of A minus B equals the direct-labor rate variance The result of B minus C equals the direct-labor efficiency variance The result of A minus C equals the total direct-labor cost variance All of the statements are true. None of the statements is true.