PB9. LO 8.3 Ribco's labor cost information for making its only product for March is as follows: Standard hours per unit Budgeted units for the period Finished units for the period Standard rate per hour Actual labor costs incurred Actual rate paid per hour A. What is the direct labor rate variance? B. What is the direct labor time variance? C. What is the total direct labor variance? 1.25 12,000 10,000 $ $40 $414,000 $ 36