Milar Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or RateDirect materials 5.5 pounds $ 5.00 per poundDirect labor 0.8 hours $ 23.00 per hourVariable overhead 0.8 hours $ 10.50 per hour In January the company produced 3,340 units using 13,360 pounds of the direct material and 2,792 direct labor-hours. During the month, the companypurchased 16,900 pounds of the direct material at a cost of $14,120. The actual direct labor cost was $63,813 and the actual variable overhead cost was $28,084. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for January is: The labor rate variance for January is:Multiple ChoiceO$403 FO$403 UO$2,357 UO$2,357 F