Milar Corporation makes a product with the following standard costs: Direct materials Direct labor Standard Quantity or Hours 4.Opounds 0.8hours Standard Price or Rate 3.50per pound 20.00per hour 9.00 per hour Variable overhead 0 hours In January the company produced 3310 units using 2768 direct labor-hours. During the month, the company purchased and used 14.000 pounds of the direct material at a cost of 535.100. The actual direct labor cost was $54,960 and the actual variable overhead cost was $23.860. The labor rate variance for January is: S2000F 5400