2. Use the following data to find the direct labor cost variance. Direct labor standard (4hrs@ S7/hr.).. .8 pe unit Actual hours worked per unit.3.5 hors Actual units produced. Actual rate per hor 3,500 units ...$7.50 A. $ 6,125 unfavorable. B. S 7,000 unfavorable. C. $7,000 favorable. D. $12,250 favorable. E. 6,125 favorable 53. An internal report that compares actual cost and sales amounts with budgeted amounts and identifies the differences between them as favorable or unfavorable variances, is called a: A. Performance report. B. Production report. C. Budget report. D. Variance report. E. Standard report. 54. The following data relate to the direct labor costs of Brennan Co. for the current period: Standard cost..500 hours at $11.60 per hour Actual costs6.000 hours at $12.00 per hour What is the direct labor efficiency (time) variance? A. $3.000 favorable. B. $15,000 unfavorable. C. S2.400 favorable. D. $17,400 favorable. E. $3,000 unfavorable. 55. The following company information is available for January: 2,500 feet a $55 per foot Direct materials used. Standard costs for direct materials for January production....2,600 feet @ $53 per foot The direct material cost (price) variance is: A. $5,000 favorable D. $5,000 unfavorable. E. $5,200 favorable. B. S 300 favorable. C. $5,200 unfavorable