Direct labor variances Bellingham Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of \$21.00 per hour. 15,900 inits used 65,100 hours at an hourly rate of $19.90 per hour. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input vour answers in the questions below. Open spreadsheet What is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favarable vartance as a negative number using a minus sign and an unfavorable variance as a positive number. Foedanas r Check My Work: Untovorable variances can be thought of as increasing costs (a debil). Favorable variances can be thooght of as decreasing costs (a credin) The labor cost variance is the ofference between the actual and standard labor cost. The following data is provided for Bellingham Company: Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the Amount column. Select the corresponding type of variance in the dropdowns in cells D15:D17. Transter the numeric results for the green entry cells (C15:C17) into the appropriate fieids in CNOWV2 for grading