Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $23.50 per hour. During July, Whitman paid $192,000 to employees for 8,960 hours worked. 4,740 units were produced during July. What is the direct labor rate variance? Multiple Choice $12,220 favorable $30,780 favorable $18,560 unfavorable $18,560 favorable