i Data Table X $ 3.00 Direct materials (6 pounds at $0.50 per pound) Direct labor (2 hours at $10 per hour) Variable manufacturing overhead (2 hours at $5 per hour) 20.00 10.00 $ 33.00 Total Print Done 0 Data Table 21,600 Material purchased (36,000 pounds at $0.60 per pound) $ Material used in production (28,000 pounds) Direct labor (8,200 hours at $9.75 per hour) Variable manufacturing overhead incurred 79,950 41,820 Print Done Fordham Corporation produces a single product. The standard costs for one unit of its Concourse product are as follows: Click the icon to view the standard costs for one unit.) During November Year 2, 4,000 units of Concourse were produced. The costs associated with November operations were as follows: - (Click the icon to view the costs.) What is the variable overhead efficiency variance for Concourse for November Year 2? O 1. $2,000 favorable. 2. $2,000 unfavorable. O 3. $1,000 favorable. 04. $1,000 unfavorable