Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single wall hanging. Hassock's standard labor cost is $16 per hour. During August, Hassock produced 18,000 units and used 72,190 hours of direct laborat a total cost of $1152,040. What is Hassock's labor rate variance for August? Multiple Choice O $2,992 favorable. O $5,992 favorable. O $3,000 unfavorable. O $2,992 unfavorable. O $3,000 favorable