The Flapjack Corporation had 7,968 actual direct labor hours at an actual rate of $12.49 per hour. Original production had been budgeted for 1,100 units, but only 996 units were actually produced. Labor standards were 7.4 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 $4,039.78 unfavorable $4,039.78 favorable $7,768.80 unfavorable $7,768.80 favorable