Exam Help Submit Saw Save & ER Use the following data to find the direct labor efficiency variance of the company produced 3.1500 units Outing the period 23 Direct labor standard (4 hrs. $7.00/hr.) Actual hours worked Actual rate per hour $28.00 per unit 12.000 $7.50 Multiple Choice $7.000 unfavorable O 5.000 favorabil 554.000 favorable $2,000 favorable 56.000 untavorable Help Save & Exit Fletcher Company collected the following data regarding production of one of its products Compute the total direct materials cost variance Direct materials standard (4 lbs. @ $2/16.) Actual direct materials used Actual finished units produced Actual cost of direct materials used $ 8 per finished unit 116,000 lbs. 28,eee units $227,760 Multiple Choice 53,760 favorable 54240 favorable $3.760 unfavorable o $8.000 favorable $8.000unfavorable