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The Ticktock Corporation Produces Clocks

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The Ticktock 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 $10 per hour. During June, Ticktock produced 5600 stopwatches and used 14,000 hours of direct labor at a total cost of $266,000. What is Ticktock's direct labor rate variance for June?


Definitions:

Gerontologists

Scientists who study aging and the various aspects associated with it, including the biological, psychological, and social changes.

Elderologists

Practitioners or scholars who specialize in the study of aging and the conditions affecting elderly populations.

Geriatricians

Specialists in medicine focusing on the health care of elderly people, aiming to promote health by preventing and treating diseases and disabilities in older adults.

Secondary Aging

The process of physical decline exacerbated by unhealthy habits and environmental factors, in contrast to aging that occurs due to genetic factors.

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