3) Below is direct labor information for Crate Inc., which produces 8,000 crates: Actual:7,500 hours at $20/hour Standard: 7,450 hours at $22/hour Instructions: a) Calculate the direct labor rate variance, time variance, and total direct labor cost variance. For each one give the dollar variance and indicate if it is a favorable or unfavorable variance. b) Who should these variances be reported to? (10 points)