Direct Labor Variances The following data relate to direct labor costs for the production of smart tablets. Actual 2,490 hrs, at $16.60 $41,334 Standard 2,530 hrs, at $16.40 $41,492 a. Determine the the rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount Rate variance Time variance Total direct labor cost variance b. Which of the following statements regarding causes of these labor variances is false