Direct labor variances Bellingham Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of $20.00 per hour. 15,300 units used 63,800 hours at an hourly rate of $19.85 per hour. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X 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 favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. < a. Direct labor rate variance -9,570 Favorable b. Direct labor time variance $ 61,200 X Unfavorable c. Direct labor cost variance 5,200 X Unfavorable Feedback