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Your Company uses a standard cost system. The labor standard is 10 units per 8-hour day at a standard cost of $15 per hour. Last

Your Company uses a standard cost system. The labor standard is 10 units per 8-hour day at a standard cost of $15 per hour. Last month employees worked 1,920 hours and produced 2,500 units. The total labor cost during this period was $29,184. What was the labor rate ($) variance for this last pay period?

$816 Unfavorable

$816 Favorable

$384 Unfavorable

$384 Favorable

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