ABC Company is a manufacturer of large ceramic vases. The standard materials quantity is 0.5 pound of ceramic per vase at a standard price of $1.60 per pound. The actual quantity for the production of 550 vases was .7 pounds per vase, at an actual price of $1.90 per pound. Calculate the Direct Material Efficiency Variance = (AQ - SQ) x SP (Indicate Favorable or Unfavorable).

ABC Company is a manufacturer of large ceramic vases. The standard materials quantity is 0.5 pound of ceramic per vase at a standard price of $1.60 per pound. The actual quantity for the production of 550 vases was .7 pounds per vase, at an actual price of $1.90 per pound. Calculate the Direct Material Efficiency Variance (AQ-SQ)x SP (Indicate Favorable or Unfavorable).