Wallace Inc. has provided the following data concerning one of the products in its standard cost system. Standard Quantity or Inputs Hours per Unit of Output Standard Price or Rate Direct labor 0.20 hours $21.70 per hour The company has reported the following actual results for the product for April: Actual output Actual direct labor-hours Actual direct labor rate 8,800 units 1,610 hours $23.30 per hour The direct labor rate variance for the month is closest to: $2,816 U $2,576 F $2,816 F $2,576 U