Cost standards for one unit of product no. C77: Direct material Direct labor Actual results: Units produced 3 pounds at $2.40 per pound 7 hours at $7.70 per hour $ 7.20 53.90 Direct material purchased Direct material used Direct labor 5,800 units 26,800 pounds at $2.60 17,100 pounds at $2.60 40,900 hours at $7.50 $ 69,680 44,460 306,750 Use the information to compute the following variances. The standard hours allowed for the work performed are: Multiple Choice 40,100. 40,750 40,600. D Submit