The Ticklock Corporation produces clocks. According to company standards, it should take 2 hours of direct labor to produce a clock. Ticktock's standard labor cost is $11.00 per hour. During June, Ticktock produced 5,800 stopwatches and used 13,300 hours of direct laborat a total cost of $266,000. What is Ticktock's direct labor rate variance for June? $1,700 favorable O $119,700 favorable $1.700 unfavorable $119.700 unfavorable