The following labour standards have been established for a particular product: standard labour hours per unit of output 2.0 hours standard labour rate = $15.00 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 3700 hours actual total labour cost $58000 actual output 2300 units

what was the labour rate variance for the month? a)1295 favourable b) 2500 unfavorable c) 2950 favourable d) 2950 unfavourable