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 $197,000 to employees for 8,930 hours worked. 4,700 units were produced during July. What is the direct labor rate variance? (Do not round your intermediate calculations.)

	$11,045 favorable
	$23,900 favorable
	$12,855 unfavorable
	$12,855 favorable