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KidTrax located in Madison. Wisconsin manufactures electric riding vehicles for children. There is highest demand for these products in December. The following labor standards have been established for the cars: The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output What is the labor rate variance? Labor Rate Variance =(ARSR)AH AR= actual labor rate per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output What is the labor rate variance? Labor Rate Variance =(ARSR)AH AR= actual labor rate per hour SR= standard labor rate per hour AH= actual hours worked Labor Efficiency Variance =(AHSH)SR AH= actual hours worked SH= standard hours of labor for the actual level of production SR= standard labor rate per hour SR= standard labor rate per hour Multiple Choice $10.837U $10,837F $2,790F $13,376U