Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor rate variance. Direct labor standard (2 hours @ $12.75/hour) $ 25.50 per finished unit Actual direct labor hours 101,900 hours Actual finished units produced 50,000 units Actual cost of direct labor $ 1,355,750 Multiple Choice $56,525 unfavorable. $56,525 favorable. $80,750 unfavorable. Incorrect $80,750 favorable. $24,225 unfavorable.