ABC Company produces a single product and uses a standard costing system. ABC Company reported the following information for June: 1. 3,200 units of product were produced during June. 2. The direct material inventory at June 1 consisted of 6,700 pounds of materials. At June 30, the direct material inventory consisted of 5,900 pounds of materials. 3. During June, 20,700 direct labor hours were worked at a total cost of $316,710. 4. During June, 26,400 pounds of direct materials were purchased at a cost of $14.10 per pound. The company has established the following standards for each unit of product that is produced: standard quantity/hours standard price/rate 8 pounds direct materials direct labor 6 hours variable overhead 6 hours For the month of June, ABC Company reported the following variances: a. Direct material price variance = $22,440 favorable b. Direct labor efficiency variance = $21,270 unfavorable c. Variable overhead spending variance = $6,340 favorable d. Variable overhead efficiency variance = $19,200 unfavorable ??? ??? ??? Calculate the direct labor rate variance for June. If the variance is favorable, place a minus sign in front of your answer (i.e., -5000). If the variance is unfavorable, simply enter your answer as a number (i.e., 5000). Quiz scores will not be adjusted for failing to follow these directions.