In producing a product, $14,800$ direct labor hours were used at a rate of $$8\mathrm{.}20$ per hour. The standard was $15,000$ hours at $$8\mathrm{.}00$ per hour. Based on these data, the direct labor:

Quantity variance is $$1,600$ favorable.

Quantity variance is $$1,600$ unfavorable.

Price variance is $$2,960$ favorable.

Price variance is $$3,000$ favorable.