The following labor standards have been established for a particular product: Standard labor hours per unit of output --- 1.1 hours Standard labor rate --- $11.60 per hour The following data pertain to operations concerning the product for the last month: Actual Hours Worked --- 9400 hours Actual Total Labor Cost --- $107,630 Actual Output --- 8600 units - What is the labor rate variance for the month? (Points : 2) $687 F $2,106 F $1,410 F $2,106 U