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Standard Faucets uses standard costing and recorded the following data for the month of August: Standard direct labor rate $22.50 per hour Standard hours allowed

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Standard Faucets uses standard costing and recorded the following data for the month of August: Standard direct labor rate $22.50 per hour Standard hours allowed for actual production 20,000 hours Actual direct labor rate $22.75 per hour Labor efficiency variance $18,000 favorable How much is the labor rate variance for August? O $4,750 unfavorable O $5,200 unfavorable O $4,700 unfavorable $5,700 unfavorable O $4,800 unfavorable

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