The Flapjack Corporation had 7,816 actual direct labor hours at an actual rate of $12.47 per hour. Original production had been budgeted for 1,100 units, but only 977 units were actually produced. Labor standards were 7.0 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 $2,188.48 unfavorable $2,188.48 favorable $12,456.75 unfavorable $12,456.75 favorable