A company budgeted making 550 finished goods at the beginning of the year. The standard amount of materials estimated was $30 per pound and 3 pounds of material per finished good. The standard amount of direct labor was set at 15 minutes per finished good and they budgeted to pay their employees $20 per hour. At year-end they compared the budgeted amounts to what they actually incurred making 600 finished goods: The company's direct labor efficiency variance is: $1,400 unfavorable No variance exists $200 unfavorable $80 favorable