A company uses the following standard costs to produce a single unit of output $5.00 0.60 hour at $9.00 per hour$5.40 Manufacturing overhead0.60 hour at $4.30 per hour$2.58 Direct materials Direct labor 5 pounds at $1.00 per pound During the latest month, the company purchased and used 46,000 pounds of direct materials at a price of $1.2 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $48,790 based on 5,740 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $21,800 and fixed manufacturing overhead incurred was $15,000. Based on this information, the direct labor rate variance for the month was: Multiple Choice $2,870 favorable $2,340 favorable $5,210 unfavorable $5,210 favorable $2,340 unfavorable