Cost standards for one unit of product no. C77 Direct material 3 pounds at $2.80 per pound Direct labor 6 hours at $7.30 per hour 8.40 43.80 Actual results Units produced 6,600 units Direct material purchased 26,400 pounds at $3.00 Direct material used 19,500 pounds at $3.00 Direct labor 40,500 hours at $7.10 $79,200 58,500 287550 38 Assume that the company computes variances at the earlest point in time. The direct-labor efficiency variance is O $7.980F $7980U O $6.570F O $6.570U None of these 39 Assume that the company computes variances at the earliest point in time. The standard hours allowed for the work performed are: 40,000. 39,750 O 39,600 39.500 None of these