The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 8.7 hours $15.68 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 8,600 hours $131,58 850 units What is the labor rate variance for the month? Multiple Choice $16.218 F e here to search acer ers 9 & 10 Saved What is the labor rate variance for the month? Multiple Choice 0 $16.218 $18.437U O $16,218 O O O $2,580 F sere to search acer