Compute labor rate variance using the following information, clearly identifying whether the variance is unfavorable or favorable by selecting a negative sign in front of the amount if it is unfavorable or leaving the number as positive if it is favorable in your final answer $($round answers to the nearest whole dollar$)$:

Standard Quantities and Costs:

DL $(.2$ hour per unit at $$20$ per hour$)$

Actual Quantities and Costs:

DL hours $=2,153$ hours at $$24$ per hour

Additional information:

During the period, the company. Budgeted to produce $11,000$ lamps. It actually produced $11,500$ lamps.