Which of the following statements is true with respect to the labor rate variance? Multiple Choice It is computed using the standard hours allowed for the actual output. O It is computed using the difference between the actual hours worked and the standard hours allowed for the actual output. It is computed using the actual hours worked O It is computed based solely on the standard hourly rate. Assume the following: . . The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour. The standard labor-hours allowed per unit of finished goods is 3 hours. The variable overhead rate variance is $3,000 F. The variable overhead spending variance is $4,500 F. The company produced 15,000 units of finished goods during the period. . What is the actual quantity of direct labor-hours worked during the period