MC Qu. 337 The following labor standards The following labor standards have been established for a particular product Standard labor-hours per unit of output 7.5 hours $15.25 per hour Standard labor rate The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output What is the labor rate variance for the month? 9,600 hours $144,480 1,200 units O $1.920 F O $240 u O $1.920U O $240 F