The standard cost sheet for Eiger Mountain Manufacturing's (EMM) most popular product shows 3 pounds of material per unit, $6.00 per pound, 1.5 direct labor hours per unit, and $28.80 per direct labor hour. During the most recent period, EMM produced 500 units and incurred direct materials costs of $10,060 when it purchased and used 1,600 pounds and $20,976 for direct labor costs for 760 hours of labor. What is EMM's labor price variance for the period? O $912 favorable O $288 unfavorable O $6,576 unfavorable O $624 favorable