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

Standard labor-hours per unit of output9.2hours

Standard labor rate$16.80per hour

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

Actual hours worked9,800hours

Actual total labor cost$161,700

Actual output970units

What is the labor rate variance for the month?

Multiple Choice

• $11,777 F
• $14,454 U
• $11,777 U
• $2,940 F