Use the following data to find the direct labor rate variance if the company produced 3,500 units during the period. Direct labor standard (4 hrs. @ $6.90/hr.) $ 27.60 per unit Actual hours worked 12,450 Actual rate per hour $ 7.30 Multiple Choice

$4,980 favorable.

$5,600 unfavorable.

$10,695 favorable.

$4,980 unfavorable.

$5,600 favorable.