The following labor standards have been established for a particular product: Standard labor-hours per unit of output. Standard labor rate 1.1 hours $11.60 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked.......... 9,400 hours Actual total labor cost $107,630 8,600 unit Actual output. What is the labor rate variance for the month? $687 Favorable $2,106 Favorable $1,410 Favorable $2,106 Unfavorable