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

Standard labor-hours per unit of output9.0 hours

Standard labor rate $16.60 per hour

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

Actual hours worked9,600 hours

Actual total labor cost$156,480

Actual output950 units

What is the labor rate variance for the month?

• $14,550 F
• $17,115 U
• $14,550 U
• $2,880 F