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

Standard labor-hours per unit of output		9.5	hours
Standard labor rate	$	16.25	per hour

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

Actual hours worked		11,600	hours
Actual total labor cost	$	185,600
Actual output		2,000	units

What is the labor rate variance for the month?

Multiple Choice

$500 F

$2,900 F

$2,900 U

$500 U