Assume that the standard cost to make one finished unit includes 2 hour of direct labor at $8 per hour. During April, 22,000 direct labor-hours were worked, 10,500 units of product were manufactured, and total direct labor cost was $160,000.
What is the labor rate variance for April?
Select one:
A. $16,000 (F)B. $16,000 (U)C. $2,000 (F)D. $2,000 (U)