Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the prime costs of one unit of product. During November, Arrow purchased 401,000 pounds of direct materials at a total cost of $806,500. The total factory wages for November were $100,500,90% of which were for direct labor. Arrow manufactured 26,000 units of product during November using 384,500 pounds of direct materials and 6,650 direct labor hours. What is the direct labor price (rate) variance for November? Multiple Choice $3,000 favorable. $9,300 favorable. $750 favorable. $12,000 favorable. Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the prime costs of one unit of product. During November, Arrow purchased 401,000 pounds of direct materials at a total cost of $806,500. The total factory wages for November were $100,500,90% of which were for direct labor. Arrow manufactured 26,000 units of product during November using 384,500 pounds of direct materials and 6,650 direct labor hours. What is the direct labor price (rate) variance for November? Multiple Choice $3,000 favorable. $9,300 favorable. $750 favorable. $12,000 favorable