A coffee company reports these cost data:

Actual Results

• Total labor cost: $710,000
• Number of units produced: 7,000
• Number of labor hours worked: 13,500

The company has established these standards:

• Number of labor hours to produce one unit: 2
• Standard labor rate: $50

What is the labor rate variance?

• $25,000 F
• $25,000 U
• $35,000 F
• $35,000 U