The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 8.8 hours $15.70 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 8,700 hours $133,980 860 units What is the labor rate variance for the month? Multiple Choice $15,162 V $15,162 F $17.433 U