11 (Algo) Assume the following information appears in... Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity Standard price or Hours OT Rate Direct materials 5 pounds $11.00 per pound Direct labor 2 hours $18.00 per hour Variable manufacturing overhead 2 hours $ 3.00 per hour 02-03 42 Standard Cont $55.00 $36.00 $ 6.00 During the most recent period, the following additional information was available: 20.000 pounds of material was purchased at a cost of $10.50 per pound. . All of the material that was purchased was used to produce 3.900 units. 8.000 direct lobor-hours were recorded at a total cost of $132,000. What is the direct labor efficiency variance? Multiple Choice $3,600 F What is the direct labor efficiency variance? :13 Multiple Choice $3,600 F $3,300 U O $3,600 U $3,300 F