Labor Rate Variance Material Variance Homework Direct Labor Cost Variance Total Labor Variance Standard 2000 hrs. \\( \\times \\) \\$15.90 \\( =\\$ 30 \\) - 200 Actual 1850 hrs. \\( x \\) \\$15.50 TOTN LABOR VARIANCE Labor.Price (Rate) Variance Standart: \\( \\$ 15 \\mathrm{no} \\) Actual: 1850 hrs. (A) \\( = \\) (inisket Actual Hours * Actual Rate Actual Hours - Standard Rate 28,675 27,750 Rate Variance .925 Efficiency Variance Standard Hours * Standard Rate 30,000 \\begin{tabular}{ll} Total Labor Variance & 1,325 \\\\ \\hline \\end{tabular} 2.250 \\begin{tabular}{l|l|l|l|} Labor Rate Variance & Material Variance & Homork \\end{tabular} 2 Bower Company produced 4,000 units of product. Each unit requires 0.5 standard hour. The standard labor rate is \\( \\$ 12 \\) per hoar. Actual direct labor for the period was \\( \\$ 22,000(2,200 \\mathrm{hrs} \\times \\$ 10 \\mathrm{per} \\) hr.). 3 Lo-bed Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of \\( \\$ 28.00 \\) per hour. If 4,000 units required 16,750 direct labot hours at an hourly rate of \\( \\$ 28,40 \\) per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance