Newbill Enterprises recently used 28,000 labor hours to produce 10,400 completed units. According to manufacturing specifications, each unit is anticipated to take 2.65 hours to complete. The company's actual payroll cost amounted to $543,200. If the standard labor cost per hour is $19.60, Newbill's labor rate variance is:

$3,024U.

$5,400F.

$3,024F.

$5,600U.

$5,600F.