Fluegge Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours puts Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 5.7 liters Standard Price or Rate s 5.40 per liter $20.60 per hour $ 5.50 per hour 0.70 hours 0.70 hours The company has reported the following actual results for the product for December Actual output Raw materials purchased ctual price of raw materials Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor rate Actual direct labor cost Actual variable overhead rate Actual variable overhead cost 4,100 units 25,100 liters $ 4.80 per liter $120,480 23,360 liters 2,700 hours s 21.20 per hour 57,240 $ 5.90 per hour s 15,930 The labor rate variance for the month is closest to: Prey 23 of 28I Next G Search or type URL 3 5 6 8 0