Use this information for Flapjack Corporation to answer the question that follow. Flapjack Corporation had 7,848 actual direct labor hours at an actual rate of $12.05 per hour. Original production had been budgeted for 1,100 units, but only 981 units were actually produced. Labor standards were 7.4 hours per completed unit at a standard rate of $12.75 per hour. Round your answer to the nearest cent. The direct labor time variance is $5,470.06 unfavorable $5,470.06 favorable $7,504.65 unfavorable $7,504.65 favorable