Wolery Inc. has provided the following data concerning one of the products in its standard cost system Inputs Standard Quantity or 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 8,800 units Actual direct labor 1,610 hours hours Actual direct labor rate 23.30per hour The labor rate variance for the month is closest to: (Round your intermediate calculations to 2 decimal places.) O $2,576 F O $2,816 F 0 $2,816 U 0 $2,576 U