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The following labor standards have been established for a particular product: Standard labor-hours...

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Accounting

The following labor standards have been established for a particular product:
Standard labor-hours per unit of output 7.7 hours
Standard labor rate $ 15.35 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 9,800 hours
Actual total labor cost $ 148,960
Actual output 1,100 units
What is the labor rate variance for the month?
Multiple Choice
$165 F
$1,470 F
$1,470 U
$165 U

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