Use the following information to answer the nextquestion(s):

The standard cost sheet for one of the VittonCompany's products is presented below.

Direct materials(4 feet@ $6.00)

$24.00

Direct labour(1 hour@ $12.00)

12.00

Variable overhead(1 hour@ $5.00)

5.00

Fixed overhead(1 hour@ $3.00*)

3.00

Standard unit cost

$44.00

*Rate based on expected activity of12,000 hours

The following results for last year were recorded.

Production(in units)

10,000

Direct materials(39,000 feet purchased andused)

$241,800

Direct labour(10,500 hours)

$131,250

Variable overhead

$ 48,000

Fixed overhead

$ 40,000

The labour rate variance is

EXPLAIN YOUR ANSWER