Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output Standard Price or Rate 5.0 grams $ 7.00 per gram 0.30 hours $21.30 per hour 0.30 hours $ 9.60 per hour The company has reported the following actual results for the product for June Actual output Raw materials purchased Actual price of raw materials Raw materials used in production Actual direct labor-hours Actual direct labor rate Actual variable overhead rate 8,580 units 48,180 grams $ 7.70 per gram 42,490 grans 2,300 hours $ 21.70 per hour $ 9.80 per hour The labor rate variance for the month is closest to The labor rate variance for the month is closest to: Multiple Choice o $1,020 U o $920 F o $1,020 F o S920 U