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Jones Company has set the following direct labor standards for each unit of its single product: begin{tabular}{lrc} & standard hours & standard rate hline

image text in transcribed Jones Company has set the following direct labor standards for each unit of its single product: \begin{tabular}{lrc} & standard hours & standard rate \\ \hline direct labor & 4.5 hours per unit & $15 per hour \\ Jones Company reported the following information for May: \end{tabular} Calculate Jones Company's direct labor rate variance for May. If the variance is unfavorable, simply enter your answer as a number (i.e., 5000). If the variance is favorable, place a minus sign in front of your answer (i.e., -5000)

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