The Reedy Company uses a standard costing system. The following data are available for November:

Actual direct labor-hours worked	6,200	hours
Standard direct labor rate	$7.80	per hour
Labor rate variance	$1,860	favorable

The actual direct labor rate for November is:

	$8.10
	$7.80
	$7.65
	$7.50

Please EXPLAIN your answer. I used two different formulas and got 8.1 as answer but it is NOT correct.