Analyze Valley Hospital's admissions time varianceValley Hospital began using standards to evaluate its Admissions Department. The standard was broken into two types of admissionsas follows:Type ofAdmissionUnscheduledScheduledStandard Time toCompleteAdmission Record40 min.20 min.The unscheduled admission took longer because name, address, and insurance information needed to be determined and verified atthe time of admission. Information was collected on scheduled admissions prior to admitting the patient, thus requiring less time inadmissions.The Admissions Department employs two full-time people for 40 hours per week at $15 per hour. For the most recent week, thedepartment handled 66 unscheduled and 120 scheduled admissions.a. How much was actually spent on labor for the week?$b. What are the standard hours for the actual volume of work for the week? (Round to the nearest whole hour.)hoursc. Compute the direct labor time variance, and report how well the department performed for the week. In your computation,round the standard direct labor rate to the nearest whole cent. Enter a favorable variance as a negative number using a minussign and an unfavorable variance as a positive number.Time variance $Favorabled. Which of the following factors may cause a favorable direct labor time variance for the Admissions Department?All of the above. Analyze Valley Hospital's admissions time variance Valley Hospital began using standards to evaluate its AdmissionsDepartment. The standard was broken into two types of admissions as follows: The unscheduled admission tooklonger because name, address, and insurance information needed to be determined and verified at the time ofadmission. Information was collected on scheduled admissions prior to admitting the patient, thus requiring lesstime in admissions. The Admissions Department employs two full-time people for 40 hours per week at $15 perhour. For the most recent week, the department handled 66 unscheduled and 120 scheduled admissions. a. Howmuch was actually spent on labor for the week? $b. What are the standard hours for the actual volume of work forthe week? (Round to the nearest whole hour.) hours c. Compute the direct labor time variance, and report howwell the department performed for the week. In your computation, round the standard direct labor rate to thenearest whole cent. Enter a favorable variance as a negative number using a minus sign and an unfavorablevariance as a positive number. Time variance & d. Which of the following factors may cause a favorable direct labortime variance for the Admissions Department? All of the above. ✓✓

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NOTE: Since there are multiple subparts, we will only answer the first three subparts.Variance is…