Est. Length. 2 Page 1: 2 3 Question 5 (10 points) Annapolis Company completes job #601 which has a standard of 560 labor hours at a standard rate of $18.35 per hour. The job was completed in 640 hours and the 4 5 6 average actual labor rate was $18.10 per hour. What is the amount of the labor rate variance and is the variance favorable (F) or unfavorable (U)? 7 8 9 $140 (U) $160 (F) 10 $160 (U) $140 (F)