A company makes amps that require highly skilled labor. The company uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 1 pound per unit: $11 per pound Direct labor: 4 hours per unit: $19 per hour They produced 4,000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7,500 pounds of direct materials and actual total materials costs were $99,300. What is the direct materials efficiency variance? O $44,000 F O No answer is correct O $38,500 U O $38.500 F O $44,000 U