The following labor standards have been established for a particular product Standard labor-hours per unit of output Standard labor rate 8.5 hours $15.75 per hour The following data pertain to operations concerning the product for the last month Actual hours worked Actual total labor cost 10,600 hours $164,300 1,300 units Actual output What is the labor rate variance for the month? Multiple Choice $325 U $325 F $2.650 FI $2,650 U K Prew2 of 30ENext