American Eagle Embroidery Company (AEEC) does exclusive high end hand embroidery. AEEC has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $25.50 per hour. During July, AEEC paid $193,000 to employees for 8,900 hours worked. 4,710 units were produced during July. What is AEEC's direct labor rate variance? Multiple Choice $47,210 favorable $13,260 favorable Loo oo $33,950 unfavorable $33,950 favorable