A company uses the following standard costs to produce a single unit of output. Direct materials 6 pounds at $0.80 per pound = $ 4.80 Direct labor 0. 40 hour at $9.00 per hour = $ 3.60 Manufacturing overhead 0. 40 hour at $3.00 per hour = $ 1.20 During the latest month, the company purchased and used 56,000 pounds of direct materials at a price of $0.9 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $33,930 based on 3,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $9,000 and fixed manufacturing overhead incurred was $19,000. Based on this information, the direct labor rate variance for the month was: Multiple Choice O $900 favorable O $2,070 favorable O $1,170 favorable