McCorey Corporation recorded the following events last year:

Repurchase by the company of its own common stock	$29,000
Sale of long-term investment	$48,000
Interest paid to lenders	$9,500
Dividends paid to the company's shareholders	$58,000
Collection by McCorey of a loan made to another company	$34,000
Payment of taxes to governmental bodies	$19,500

On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.

Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:

$(14,500)

$82,000

$24,000

$(14,500)

2)

Gilder Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate	Standard Cost Per Unit
Direct materials	9.30 grams	$9.00 per gram	$83.70
Direct labor	0.2 hours	$17.00 per hour	$3.40
Variable overhead	0.2 hours	$9.00 per hour	$1.80

The company reported the following results concerning this product in June.

Originally budgeted output	7,400	units
Actual output	7,500	units
Raw materials used in production	40,900	grams
Purchases of raw materials	47,500	grams
Actual direct labor-hours	660	hours
Actual cost of raw materials purchases	$262,740
Actual direct labor cost	$8,228
Actual variable overhead cost	$3,196

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The labor rate variance for June is:

$2,992 U

$2,992 F

$3,009 U

$3,009 F