Direct Labor Variances Bellingham Company produces a product that requires 9 standard direct laber hours per unit at a standard hourly rate of $17.00 per hour 7 5,500 units used 50,500 hours at an hourly rate of $17.95 per hour, what is the direct labor (a) rate variance, (b) time variance, and (e) 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