The following labor standards have been established for a particular product:

Standard labor-hours per unit of output		8.5	hours
Standard labor rate	$	15.40	per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked		8,400	hours
Actual total labor cost	$	126,840
Actual output		830	units

What is the labor rate variance for the month?

Multiple Choice

• $18,193 F

• $20,310 U

• $18,193 U

• $2,520 F