A company uses the following standard costs to produce a single unit of output Direct materials 7 pounds at se. Be per pound - $ 5.60 Direct labor e.20 hour at $8.00 per hour - $ 1.60 Manufacturing overhead 8.20 hour at $4.60 per hour - $0.92 During the latest month, the company purchased and used 67,000 pounds of direct materials at a price of $11 per pound to produce 10,000 units of output Direct labor costs for the month totaled $14,091 based on 1,830 direct labor hours worked Variable manufacturing overhead costs incurred totaled $6,200 and fixed manufacturing overhead incurred was $10,000 Based on this information, the direct labor rate variance for the month was: Multiple Choice $549 favorable