The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 9.2 hours $16.80 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 9,800 hours $161,700 970 units What is the labor rate variance for the month? Multiple Choice O $1,7770 $11.777F $14,454 U