Giovanni Company produces a product that requires five standard hours per unit at a standard hourly rate of $30 per hour. If 3,500 units required 17,700 hours at an hourly rate of $30.50 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	$	Select Favorable Unfavorable Item 2
b. Direct labor time variance	$	Select Favorable Unfavorable Item 4
c. Direct labor cost variance	$	Select Favorable Unfavorable Item 6