Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of...

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Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $20.50 per hour. Production of 7,500 units required 14,550 hours at an hourly rate of $20.10 per hour. Enter favorable variances as negative numbers. (a) Determine the direct labor rate variance. (b) Determine the direct labor time variance. (e) Determine the cost variance. Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $20.50 per hour. Production of 7,500 units required 14,550 hours at an hourly rate of $20.10 per hour. Enter favorable variances as negative numbers. (a) Determine the direct labor rate variance. (b) Determine the direct labor time variance. (e) Determine the cost variance.