The following labor standards have been established for a particular product Standard labor-hours per unit of output Standard labor rate 7.8 hours $ 15.40 per hour The following data pertain to operations concerning the product for the last month Actual hours worked Actual total labor cost Actual output What is the labor rate variance for the month? 9,900 hours $ 149,985 1,100 units Multiple Choice $2.475 U $275 U