The Flapjack Corporation had 7,720 actual direct labor hours at an actual rate of $12.34 per hour. Original production had been budgeted for 1,100 units, but only 965 units were actually produced. Labor standards were 7.3 hours per completed unit at a standard rate of $13.00 per hour. Round your answer to the nearest cent. The labor time variance is $5,133.80 unfavorable $5,133.80 favorable $8,781.50 unfavorable $8,781.50 favorable