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

Standard labor-hours per unit of output		8.9	hours
Standard labor rate	$	15.80	per hour

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

Actual hours worked		8,800	hours
Actual total labor cost	$	136,400
Actual output		870	units

What is the labor rate variance for the month?

Multiple Choice

$16,384 U

$14,061 F

$2,640 F

$14,061 U