We Got Clocks Inc produces clocks. According to company standards, it should take 2 hours of direct labor to produce a clock. We Got Cloc's standard labor cost is $10 per hour. During June, We Got Clocks produced 5600 clocks and used 14,000 hours of direct labor at a total cost of $266,000. What is We Got Clocks' direct labor rate variance for June? $2800 favorable $2800 unfavorable $126,000 favorable $126,000 unfavorable