Information on Jayhawk's Direct Labor Costs for the Month of August

Multiple Choice

Information on Jayhawk's direct labor costs for the month of August is as follows: $\begin{array}{lr}\text { Actual rate } & \$ 10 \\\text { Standard hours } & 11,000 \\\text { Actual hours } & 10,000 \\\text { Direct labor price variance\_unfavorable } & \$ 4,000\\\end{array}$ What was the standard rate for August?

A) $9.96
B) $9.60
C) $10.40
D) $10.04