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Advanced Micro Devices develops computing products. Assume one of its processors, Ryzen 9 , has a standard labor time of 0 . 2 0 hour

Advanced Micro Devices develops computing products. Assume one of its processors, Ryzen 9, has a standard labor time of 0.20 hour and a standard labor rate of $20 per hour. During March, the following activities pertaining to direct labor for Ryzen 9 were recorded:
Direct labor hours used 60,000
Direct labor cost $1,176,000
Units of Ryzen 9 manufactured 310,000
Calculate the direct labor rate variance. Note: If the variance is Favorable, type a minus sign - in front of your answer. For example: if variance is $1,000 Favorable, type -1,000(no spaces). Do NOT include any decimals; do NOT include the $ sign.

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