Hofbauer Inc. has provided the following data concerning one of the products in its standard cost system.

Inputs	Standard Quantity or Hours per Unit of Output	Standard Price or Rate
Direct labor	0.30 hours	$21.00 per hour

The company has reported the following actual results for the product for September:

Actual output		5,600	units
Actual direct labor-hours		1,540	hours
Actual direct labor rate	$	21.40	per hour
Actual direct labor cost	$	32,956

The labor efficiency variance for the month is closest to:

		$2,940 U
		$2,940 F
		$2,996 F
		$2,996 U