Direct Labor Variances

Tip Top Corp. produces a product that requires 5.0 standard hours per unit at a standard hourly rate of $13.00 per hour. If 3,000 units required 14,200 hours at an hourly rate of $13.65 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? 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	$	SelectFavorableUnfavorable
b. Direct labor time variance	$	SelectFavorableUnfavorable
c. Direct labor cost variance	$	SelectFavorableUnfavorable