Assume the following:

The standard labor rate per hour is $17.75.

The standard labor-hours allowed per unit of finished goods is 3 hours.

The actual quantity of labor hours worked during the period was 43,600 hours.

The total actual direct labor cost for the period was $726,000.

The company produced 15,000 units of finished goods during the period.

What is the labor efficiency variance?

Multiple Choice

a. $24,850 U

b. $24,850 F

c. $47,900 U

d. $47,900 F