II Bing Co. produces a product that requires 2 standard hours of labor per unit at a standard hourly rate of $18 per hour. If 2500 units required 5500 hours of labor at a rate of $19 per hour, find the direct labor (A) Rate Variance, (B) Time Variance, and (C) Overall Cost Variance. (18 Pts.) Standard labor hours per unit ca Standard rate per hour 15.00 Actual unit produced =2,500 Actual labor hours = 5.500 Actual nate ber hour - Standard labor hours per unit of Standont lobor hours allowed Actutual unit produced