Assume the following information appears in the standard cost card for a company that makes only one product: Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours 5 pounds 2 hours 2 hours Standard Price or Rate $11.00 per pound $17.00 per hour $ 3.00 per hour Standard Cost $55.00 $34.00 $ 6.00 During the most recent period, the following additional Information was available: 20,000 pounds of material was purchased at a cost of $10.50 per pound. . All of the material that was purchased was used to produce 3,900 units. 8.000 direct labor-hours were recorded at a total cost of $132,000. . What is the direct labor rate variance? Multiple Choice $2.000 F $2.000 U $4,000 F $4.000 U