42) 42) Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, GIl estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Direct materials Direct labor Budgeted quantity 0.20 pounds 0.10 hours Budgeted price $40 per pound $18 per hour During July, GIl produced and sold 4,000 containers using 1,000 pounds of direct materials at an average cost per pound of $37 and 475 direct manufacturing labor hours at an average wage of $18.75 per hour. The direct material efficiency variance during July is A) $5,000 unfavorable C) $7,400 favorable B) $8,000 unfavorable D) $5,000 favorable