Dirickson Incotporated has provided the following data concerning one of the products in its standard cost system Variable manufacturing overhood is applied to products on the basis of direct labor-hours. Standard Quantity or Hours per unit of Inputs Output Standard Price or Rate Direct materials 7.6 ounces 6.9.40 per ounce Direct labor 0.10 hours $ 18.00 per hour Variable manufacturing overhead 0.10 hours $ 5.30 per hour The company has reported the following actual results for the product for July Actual output 7.600 units Raw materials purchased 63,000 ounce Actual cost of raw materials purchased $ 541,800 Raw materials used in production 57,750 ounces Actual direct labor-hours 820 hours Actual direct labor cost $ 16,072 Actual variable overhead cost $4,592 The labor rate variance for the month is closest to