Details about production during August are as follows: Each unit usually requires 2 hours of direct labor. Standard labor costs are $14 per hour. Total production is actually 8,000 units. Total direct labor useage is actually 16,140 hours. Total direct labor cost is actually $222,960. What is the labor rate variance for August? Multiple Choice $3,000 favorable $3,000 unfavorable $5,974 favorable $2,974 favorable $2,974 unfavorable