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

The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 8.9 hours $16.50 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 9,500 hours 153,900 940 units What is the labor rate variance for the month