The Flapjack Corporation had 7,648 actual direct labor hours at an actual rate of $12.18 per hour. Original production had been budgeted for 1,100 units, but only 956 units were actually produced. Labor standards were 7.3 hours per completed unit at a standard rate of $12.75 per hour.

Round your answer to the nearest cent.

The labor time variance is

$4,359.36 unfavorable

$4,359.36 favorable

$8,532.30 unfavorable

$8,532.30 favorable