A company is conducting an analysis of budget variances. The following variances have been recorded:

Direct Materials Usage Variance $120 Unfavourable

Direct Materials Price Variance $220 Favourable

Direct Labour Efficiency Variance $300 Favourable

Direct Labour Rate Variance $240 Unfavourable

Factory Overhead Variance $100 Favourable

What is the Total Direct Labour Variance?

Group of answer choices

$540 Favourable

$60 Favourable

$100 Favourable

$160 Favourable