6. Direct Labour Efficiency Variance Direct labor efficiency variance (Actual hours worked x Standard rate) - (Standard hours allowed x Standard rate Furniture manufacturing company presents the following data for the month of December 15, 2018. Standard direct labor rate per hour: $6.50 Actual direct labor rate per hour: $6.75 Standard time to produce on unit of product: 3 hours Production during the month of March 2016: 600 units Hours worked during the month of March: 1850 hours Required: (10 points) 1. Compute direct labor efficiency variance. 2. Indicate whether the variance is favorable or unfavorable