Accounting Rate of Return Payback period Internal rate of return Net present value Question 2 The Ticktock Corporation produces clocks. According to company standards. It should take 2 tours et direct labor to produce a clock Ticktock's standard labor cost is $11.00 per hour. During June, Ticktock produced 5.800 stopwatches and used 13.300 hours of direct labor at a total cost of $266,000. What is Ticktock's direct labor rate variance for June? $1,700 unfavorable $119.700 favorable $1.700 favorable $119.700 unfavorable Question 3