Elements of Labor and Variable Overhead Variances Chelsea Fabricating applies variable overhead to products on the basis of standard direct labor hours. Presented is selected information for last month when 10,000 units were produced. Required Solve for items "a" through "h." Direct labor Variable overhead Actual f. $ Standard hours/unit Actual hours (total) 6,100 6,100 Standard rate/hour $36.00 $24.00 Actual rate $37.80 Flexible budget $90,000 $60,000 Labor rate or variable overhead spending variance c. $ Efficiency variances d. $ h. $ Total flexible budget variance e. $ $2,000