Mochel Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standard for the direct labor costs of one unit of product: Standard Standard Hours 1.3 hours Rate -taller- $22.40/hour 29.12 Standard Cost The total factory wages for June were $1,062,560, 80 percent of which were for direct labor. The company manufactured 29,000 units of product during June using 37,120 direct labor hours. The direct labor rate variance for June is: (Do not round intermediate calculations.)