46. The following information is presented for the Hoya Manufacturing Compa - Direct labor rate standard is $12.75. - Direct labor efficiency standard is 2.5 hours per unit. - Budgeted production is 1,200 units. - Production required 2,250 direct labor hours at an actual cost of $29,168. - Actual production is 1,200 units. What is the direct labor price variance? A) $196.00 Favorable B) $214.50 Unfavorable C) $486.80 Favorable D) $480.00 Unfavorable