Assume the following:

• The standard labor rate per hour is $17.20.
• The standard labor-hours allowed per unit of finished goods is 3 hours.
• The actual quantity of labor hours worked during the period was 44,000 hours.
• The total actual direct labor cost for the period was $726,000.
• The company produced 15,000 units of finished goods during the period.

What is the labor rate variance?

Multiple Choice

$28,800 U

$28,800 F

$30,800 U

$30,800 F