CBC Corporation produces clocks. According to company standards, it should take 2 hours of direct labor to produce a clock. The company's standard labor cost is $14 per hour. During June, the company produced 6,200 stopwatches and used 13,100 hours of direct labor at a total cost of $262,000. What is CBC's direct labor rate variance for June? $78,600 unfavorable $78,600 favorable $700 favorable O $700 unfavorable

CBC Corporation produces clocks. According to company standards, it should take 2 hours of direct labor to produce a clock. The company's standard labor cost is $14 per hour. During June, the company produced 6,200 stopwatches and used 13,100 hours of direct labor at a total cost of $262,000. What is CBC's direct labor rate variance for June? $78,600 unfavorable $78,600 favorable $700 favorable $700 unfavorabie