Ellis Company’s labor information for September is as follows:…Ellis Company’s labor information for September is as follows:Direct labor hourly rate paid$32.00Total standard direct labor hours for units produced10,000.00Direct labor hours worked9,850.00Direct labor rate variance$6,895.00(favorable)Round your answers to two decimal places.A.Compute the standard direct labor rate per hour.$fill in the blank 1standard rateB.Compute the direct labor time variance.Direct labor time variance $fill in the blank 2C.Compute the standard direct labor rate if the direct labor rate variance was $2,462.50 (unfavorable).$fill in the blank 4standard labor rateAccounting Business Managerial Accounting ACC 203
