Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $24.00 per hour. During July, Whitman paid $190,000 to employees for 8,890 hours worked. 4,790 units were produced during July. What is the direct labor rate variance? (Do not round your intermediate calculations.)

$39,920 favorable

$23,360 favorable

$23,360 unfavorable

$16,560 favorable