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Japan company produces lamps that require two standard hours per unit at an hourly rate of $16.50 per hour. If 7,400 units required 14,500 hours

Japan company produces lamps that require two standard hours per unit at an hourly rate of $16.50 per hour. If 7,400 units required 14,500 hours at an hourly rate of $17.00 per hour. Enter FAVORABLE variances as negative numbers.

(a) Determine the direct labor rate variance.
(b) Determine the direct labor time variance.
(c) Determine the cost variance.

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