Question: Answer questions 2-3 using the information below: Genent Industries, Inc. (GII), developed standard costs for direct labor. In 2019, GII estimated the following standard costs

Answer questions 2-3 using the information below: Genent Industries, Inc. (GII), developed standard costs for direct labor. In 2019, GII estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Budgeted quantity Budgeted price Direct labor 0.20 hours $12 per hour During July, GII produced and sold 3,000 containers using 625 direct manufacturing labor hours at an average wage of $11.75 per hour. The direct labor efficiency variance for October was

$300.00 unfavorable

$156.25 favorable

$143.75 favorable

$131.75 unfavorable

The direct labor price variance for October was?

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