Dirickson Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours Standard Quantity or Hours per Unit Standard Price or of Output Inputs Direct materials Direct labor Variable manufacturing overhead Rate $ 9.40 per ounce $18.00 per hour $ 5.30 per hour 7.6 ounces 0.10 hours 0.10 hours The company has reported the following actual results for the product for July: Actual output Raw materials purchased Actual cost of raw materials purchased Raw materials used in productiorn Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 7,600 units 63,000 ounces $541,800 57,750 ounces 820 hours $ 16,072 $ 4,592 The labor rate variance for the month is closest to