Question 3 (30 marks) The following labor standards have been established for a particular product: Standard labor hours per unit of output Standard labor rate 3.8 hours $15.50 per hour The following data pertain to operations concerning the product for the last month Actual hours worked Actual total labor cost Actual output 7,900 hours $100,695 2,500 units Reaquired: A. What was the labor rate (price) variance for the month? (10 marks)