Direct Labor Variances Alvarado Company produces a product that requires 8 standard direct labor hours per unit at a standard hourly rate of $11.00 per hour. If 3,400 units used 28,000 hours at an hourly rate of $10.78 per hour, what is the direct labor (e) rate variance, (b) time variance, and (c) cost variance? 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 b. Direct labor time variance c. Direct labor cost variance Favorable Unfavorable Unfavorable