Direct Labor Variances Venneman Company produces a product that requires 6 standard hours per unit at a standard hourly rate of $9.00 per hour 176,300 units required 36,700 hours at an hourly rate of $9.18 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 varlance as a positive number, a. Direct labor rate variance b. Direct labor time variance c. Total direct labor cost variance