(Actual Direct Hours - Standard Direct Hours) × Standard Rate per Hour

A) Direct materials price variance
B) Direct labor rate variance
C) Direct labor time variance
D) Direct materials quantity variance
E) Budgeted variable factory overhead

Direct Labor Time Variance

The difference between the actual time taken to produce a good or service and the estimated time.

Standard Rate

A predetermined charge or cost that applies to a specific service, transaction, or product under typical conditions.

Standard Direct Hours

Standard direct hours represent the estimated amount of time that should be spent by labor to produce a unit of output under normal conditions.