The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.2 hours Standard labor rate $16.40 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 $151,340 Actual output 930 units What is the labor rate variance for the month?

Multiple Choice $11,022 F $13,588 U $11,022 U $2,820 F