2 points Genent Industries, Inc. (GHI), developed standard costs for direct material and direct labor. In 2015, Gil estimated the following standard costs for one of their major products, the 30 gallon heavy duty plastic container Tigeted price Duwet materiale o 50 pounds 500 per pound Direct later 0.10 hours 320 per hour During July, Gil produced and sold 3000 containers using 1750 pounds of direct materials at an average cost per pound of 539 and 375 direct manufacturing labor hours at an average wage of $20.25 per hour The direct manufacturing labor flexible budget variance during Julys $8250.00 favorable O $1425.00 favorable O $1500,00 unfavorable $1593.75 unfavorable