Flapjack Corporation had 7,792 actual direct labor hours at an actual rate of $12.17 per hour. Original production had been budgeted for 1,100 units, but only 974 units were actually produced. Labor standards were 7.0 hours per completed unit at a standard rate of $12.75 per hour. Round your answer to the nearest cent. The direct labor time variance is a. $4,503.78 unfavorable b. $4,503.78 favorable c. $12,418.50 unfavorable d. $12,418.50 favorable