4.) The following data pertains to the month of October for ElmCo when production was budgeted to be 5,000 units of product P90. P90 has budgeted costs per unit of:

Direct Materials 3 lbs. at $7.00 per lb. Direct Labor 0.20 hours at $18.00 per hour In October the production of P90 totaled 4,700 units. The actual results were:

Direct Materials used: 15,100 lbs costing $108,000 Direct Labor hours used: 824 hours costing $15,732

4.) Determine the direct labor efficiency variance. Negative numbers indicate a favorable variance. (Round to the nearest $1.00)