Direct Labor Variances Glacier Bicycle Company manufactures commuter bicycies from recycled materiais. The foilowing data for October of the current year are available: Quantity of direct iabor used 500 hrs. Actuai rate for direct iabor $10.50 per hr. Bicycles completed in October 240 bicycles Standard direct labor per hiwcle 2 hrs. Standard rate for direct labor $10.70 per hr. a. Determine for October the direct labor rate variance, direct iabor time variance, and totai direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Labor Rate Variance Direct Labor lime Variance EEG Total Direct Labor Cost Variance b. How much direct labor should be debited to Work in Process? E