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please note where it says "Enter a favorable variance as a negative number using a...

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Accounting

imageplease note where it says "Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number." idk if what i have is correct and idk the last part. please help. im on a time crunch

Direct Labor Variances The following data relate to labor cost for production of 6,400 cellular telephones: Actual: 4,320 hrs. at $14.00 4,250 hrs. at $14.30 Standard: 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 Favorable $ $ -1,296 1,001 Time variance Unfavorable Total direct labor cost variance $ -295 Favorable b. The employees may have been less-experienced workers who were paid less than more-experienced workers or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard

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