Direct Labor Variances

Tip Top Corp. produces a product that requires 4 standard hours per unit at a standard hourly rate of $22 per hour. If 5,400 units required 22,200 hours at an hourly rate of $21.34 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	$	Favorable
b. Direct labor time variance	$	Unfavorable
c. Direct labor cost variance	$	Favorable