Figure 10-4. Soaring High Company produces model airplanes. During the month of July, it produced 1,000 planes. The actual labor hours were 10 hours per plane. Its standard labor hours is 15 hours per plane. The standard labor rate is $12 per hour. At the end of July, Soaring High found that it had a favorable labor rate variance of $7,500. Refer to Figure 10-4. What was Soaring High's total labor variance? A $52,500 F B) $67,500 F $65,000 F $55,000 F