Use this information for Flapjack Corporation to answer the question that follow. Flapjack Corporation had 7,976 actual direct labor hours at an actual rate of $12.12 per hour. Original production had been budgeted for 1,100 units, but only 997 units were actually produced. Labor standards were 7.1 hours per completed unit at a standard rate of $13.00 per hour. Round your answer to the nearest cent. The direct labor time variance is $7,002.93 unfavorable $7,002.93 favorable $11,664.90 unfavorable $11,664.90 favorable