Assume the following: The standard labor rate per hour is $16.50. The standard labor-hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 44,300 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 efficiency variance? Multiple Choice $11,550 F O $4,950 F $4.950 U $11,550 U