(DL variances) Information on Hanley's direct labor costs for January 2010 is as follows: Actual direct labor rate $7.50 Standard direct labor hours allowed 11,000 Actual direct labor hours 10,000 Direct labor rate variance $5,500 F a. Compute the standard direct labor rate in January. b. Compute the labor effi ciency variance in January. c. Prepare the journal entry to accrue direct labor cost and to record the labor variances for January. d. Prepare the journal entry to dispose of the January labor variances, assuming that they are insignificant.