Hassock Corporation produces woven wall hangings. It takes 3 hours of direct labor to produce a single wall hanging. Hassocks standard labor cost is $17 per hour. During August, Hassock produced 11,000 units and used 33,160 hours of direct labor at a total cost of $561,020. What is Hassocks labor rate variance for August? Multiple Choice $2,700 unfavorable. $2,700 favorable. $2,687 favorable. $5,387 favorable. $2,687 unfavorable.