DL variances; journal entries Information on Hanley's direct labor costs for January is as follows: a. Compute the standard direct labor rate in January. $ b. Compute the labor efficiency variance in January. Note: Do not use a negative sign with your answer. Labor efficiency variance $ c. Prepare the journal entry to accrue direct labor cost and to record the labor variances for January. Note: Record any multiple debits or any multiple credits in alphabetical order by account name