Calculate the Direct Materials Efficiency Variance: Budgeted Direct materials standard (6 lbs. @ $2/1b.) $ 12.00 per unit Actual direct materials used 243,000 lbs Actual units 40,000 units Actual cost of direct materials used $ 500,580.00 Budgeted Direct labor (2 hrs. @ $13/hr.) $26.00 per unit Actual direct labor hours 81,500 hours Actual cost of direct labor $ 1,100,250.00 Budgeted units 35,000 units Budgeted selling price $ 50.00 Actual selling price $ 45.00