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 monty? Multiple Choice $11.7770 $14.454 U $11777F Multiple Choice $11,777 U $14,454 U $11,777F $2,940 F