Direct Labor Variances The following data relate to labor cost for production of 3,500 cellular telephones: Actual: 2,360 hrs. at $14.60 Standard: 2,320 hrs. at $14.90 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Rate variance Time variance I. Favorable Total direct labor cost variance Unfavorable