Question: Please answer all questions if possible! (Please write out correct answer and whether its A, B, C or D.) Thank you! Becton Labs produces various

Becton Labs produces various chemical compounds. The standard and actual costs for direct labor for the period are: Standard costs Actual costs Direct labor 405 hours at $20.00 400 hours at $21.00 Which is true of the direct labor time and direct labor rate variances? O Both are unfavorable. O The direct labor time variance is favorable; the direct labor rate variance is unfavorable. The direct labor time variance is unfavorable; the direct labor rate variance is favorable. Both are favorable. If the wage rate paid per hour differs from the standard wage rate per hour for direct labor, the variance is a O quantity variance O rate variance O variable variance O volume variance
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