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 $ 16.60 per hour $ 3.00 per hour Standard Cost $ 55.00 $ 33.20 $ 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 $400 U $400 F $800 U $800 F