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

Standard labor-hours per unit of output		9.0	hours
Standard labor rate	$	16.60	per hour

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

Actual hours worked		9,600	hours
Actual total labor cost	$	156,480
Actual output		950	units

What is the labor rate variance for the month?

$17,115 U

$14,550 F

$2,880 F

$14,550 U