1. Consider the following information: Actual direct labor hours 34,500 Standard direct labor hours 35,000 Total actual direct labor cost $241,500 Direct-labor efficiency variance, favorable $3,200 The direct-labor rate variance is: A) B) C) $17,250 U. $20,700 U. $20,700 F. $21,000 F. none of the above. E) DM Price Variance DM Purchased * (Actual Price - Standard Price) DM Quantity Variance -or- DM Efficiency Variance =Std Price * (Actual Qty Used - Standard Qty) Std Price * (Actual Qty Used - Standard Materials Allowed) DL Rate Variance -or- DL Price Variance" = Actual Hrs Used * (Actual rate/hr - Standard rate/hr) DL Efficiency Variance Standard rate/hr * (Actual Hrs Used - Standard Hours) = Standard rate/hr * (Actual Hrs Used - Standard Hours Allowed) Total Labor Variance = DL Rate Variance + DL Efficiency Variance