Direct Labor Variances Death Valley Bicyde Company manufactures mountain bikes. The following data for October of the current wear are available Quantity of direct laborused 640 hrs Actual rate for direct labor $12.10 perhe Biedes completed in October 500 Standard direct labor per bicyde 2 Standard rate for direct labor $12.30 per hr Planned bicycles for October 30 Determine the direct labor rate and time variances. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount Rate variance Time variance Total direct labore