Direct Labor Variances Bellingham Company produces a product that requires 7 standard direct labor hours per unit at a standard hourly rate of $11.00 per hour. If 2,200 units used 15,700 hours at an hourly rate of $10.56 per hour, what is the direct labor(a) 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 6. Direct labor cost variance