The fоllоwing lаbоr stаndаrds have been established for a particular product: Standard labor hours per unit of output 4.5 hours Standard labor rate $ 17.60 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,100 hours Actual total labor cost $ 107,970 Actual output 1,300 units What is the labor rate variance for the month? Note: in order to get full credit for the problem, you must type your answer formatted exactly as directed; otherwise, you are at risk for not receiving appropriate credit. Please type your answer with dollar signs and commas, but NO SPACES between the number and letter. Here is the correct formatting: $0,000U