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Standard Faucets uses standard costing and recorded the following data for the month of August: Standard direct laborrate$10.00 per hour Standard hours allowed for actualproduction20,000

Standard Faucets uses standard costing and recorded the following data for the month of August:

Standard direct laborrate$10.00 per hour

Standard hours allowed for actualproduction20,000 hours

Actual direct laborrate$10.50 per hour

Labor efficiencyvariance$6,000 favorable

How much is the labor rate variance for August?

$9,750 unfavorable

$14,750 unfavorable

$4,750 unfavorable

$9,700 unfavorable

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