Hofbauer Inc. has provided the following data concerning one of the products in its standard cost Inputs Direct labor Standard Quantity or Hours per Unit of Output 0.30 hours Standard Price or Rate $21.00 per hour The company has reported the following actual results for the product for September Actual output Actual direct labor-hours Actual direct labor rate Actual direct labor cost 5,600 units 1,540 hours 21.40 per hour $32,956 The labor efficiency variance for the month is closest to: Multiple Choice O 52940 u 0 S2996 F $2.996 U $2.940 F