Direct Labor Variances

Venneman Company produces a product that requires 10 standard hours per unit at a standard hourly rate of $9.00 per hour. If 2,000 units required 20,400 hours at an hourly rate of $8.55 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total direct labor 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	$fill in the blank 1	FavorableUnfavorable
b. Direct labor time variance	$fill in the blank 3	FavorableUnfavorable
c. Total direct labor cost variance	$fill in the blank 5	FavorableUnfavorable