The Flapjack Corporation had 7,912 actual direct labor hours at an actual rate of $12.24 per hour. Original production had been budgeted for 1,100 units, but only 989 units were actually produced. Labor standards were 7.2 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 $4,003.47 unfavorable $4,003.47 favorable $10,087.80 unfavorable $10,087.80 favorable