Question 8 ations Use the following data to find the direct labor efficiency variance if the company produced 3500 units during the period. Direct labor standard (4 hrs. @ $7.00/hr.) $ 28.0Oper unit Actual hours worked 12.750 Actual rate per hour $ 7.40 $5100 unfavorable S5600 unfavorable. $5100 favorable. $8750 favorable. $5600 favorable Space Flight Company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (420,000 units @ $3.20/unit) $ 1,344.000 Actual costs: Direct Materials costs incurred (417.100 units @ $3.30/unit) $ 1,376,430 $41,710 Unfavorable. $1,344,000 Unfavorable. $1,344,000 Favorable $41,710 Favorable. $42,000 Favorable