Madrid Co. has a direct labor standard of 4 hours per unit of output Each employee has a standard wage rate of $1t20 per hour. During February. Madrid Co. paid $99.600 to employees for 9.210 hours worked. 2.450 units were produced during February. What is the direct labor rate variance? (Do not round your intermediate calculations.) $3.552 favorable $10.160 favorable $2.704 favorable $6.608 favorable