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QUESTION 23 The actual cost of direct labor per hour is $6.25 and the standard cost of direct labor per hour is $6.00. Two budgeted direct labor hours are allowed per finished good. During the current period, 250 finished goods were produced using 475 direct labor hours. Calculate the labor efficiency variance. O $150 unfavorable $156.25 unfavorable O $150 favorable O $156.25 favorable QUESTION 24 The Branders Company, a merchandising firm, has budgeted its activity for December according to the following information: 1. Sales at $550,000, all for cash 2. Merchandise inventory on November 30 was $300,000 3. Budgeted depreciation for December is $35,000 4. The cash balance at December 1 was $25,000 5. Selling and administrative expenses are budgeted at $60,000 for December and are paid in cash. 6. The planned merchandise inventory on December 31 is $270,000 7. The invoice cost for merchandise purchases represents 75% of the sales price. All purchases are paid for in cash. The budgeted cash disbursements for December are $382,500 $442,500 O $472,500 O $477,500