A company uses the following standard costs to produce a single unit of output 12 Direct materials Direct labor Manufacturing overhead 7 pounds at $0.60 per pound 0.5 hour at $8.00 per hour 0.5 hour at $4.50 per hour 8 01:30:10 - - - $4.20 $4.00 $2.25 During the latest month, the company purchased and used 67,000 pounds of direct materials at a price of $0.70 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $37,653 based on 4,890 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $18,500 and fixed manufacturing overhead incurred was $17,000. Based on this information, the direct labor efficiency variance for the month was: Multiple Choice Multiple Choice ( $2,347 favorable $1,467 favorable $880 unfavorable $880 favorable $1,467 unfavorable