Question Content AreaThe following data relate to direct labor costs for August:

Actual costs: $5,500$ hours at $$24\mathrm{.}00$ per hour.

Standard costs: $5,000$ hours at $$23\mathrm{.}70$ per hour.

What is the direct labor rate variance?

a$.$ $$1,500$ favorable

b$.$ $$1,650$ favorable

c$.$ $$1,500$ unfavorable

d$.$ $$1,650$ unfavorable