Determine Direct Labor Variances and Prepare Journal Entries The direct labor rate standard for Amy Manufacturing is $12 per direct labor hour. The direct labor efficiency standard is two hours per finished unit. Last month, the company completed 8,000 units of product using 16, 350 direct labor hours at an actual cost of $194, 565. a. According to the appropriate standard, how much should the company have paid for the 16, 350 actual direct labor hours? b. Determine the direct labor rate variance. c. According to the appropriate standard, how many hours of direct labor should it have taken to produce the 8,000 units? d. Determine the direct labor efficiency variance in hours. e. Determine the direct labor efficiency variance in dollars. f. Prepare a journal entry to record the direct labor and the direct labor rate and efficiency variances