The following labor standards have been established for a particular product:

Standard labor-hours per unit of output		8.8	hours
Standard labor rate	$	15.70	per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked		8,700	hours
Actual total labor cost	$	133,980
Actual output		860	units

What is the labor rate variance for the month?

Multiple Choice

• $15,162 U

• $15,162 F

• $17,433 U

• $2,610 F