Elite Builders constructs houses. The standard labor rate is $22 per hour and the standard number of hours is 15,000 hours per home. During the year, it constructed 11 homes using 15,500 labor hours per home and a rate of $28 per hour. Calculate the Elite Builders' labor rate variance, $612,000 F $1,023,000 F $612,000 U $1,023,000 U