Direct labor variances The following data is provided for Bellingham Company: DATA Standard direct labor hours per unit 3 Standard hourly rate $20.00 Units produced 15,200 Actual labor hours used 61,800 Actual hourly rate $19.60 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. Transfer the numeric results for the green entry cells (015:017) into the appropriate fields in CNOWV2 for grading. Amount Formulas a. Direct labor rate variance I I I b. Direct labor time variance c. Direct labor cost variance Direct labor variances Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $20.00 per hour. 15,200 units used 61,800 hours at an hourly rate of $19.60 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. 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 $l:] Favorable V J b. Direct labor time variance $:] Unfavorable v / c. Direct labor cost variance $[:] Unfavorable v /