Required information The following information applies to the questions displayed below] Eagle Company uses a standard cost system that has provided the following data Units of output manufactured: Direct labor: 80 Standard hours allowed: 2 hours per unit of product Standard wage rate: Actual direct labor: $16.30 per hour 180 hours, total cost of $3,294 The direct labor rate variance for the period was: Multiple Choice $686 favorable. $360 favorable. $360 unfavorable. $686 unfavorable