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Dreary Credit Agency uses a standard cost system for the processing of its credit applications. The labor standard at Dreary is 10 applications per 8

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Dreary Credit Agency uses a standard cost system for the processing of its credit applications. The labor standard at Dreary is 10 applications per 8 hour day at a standard cost of $15 per hour. During the last pay period Dreary's credit agents worked 1.920 hours and processed 2, 500 applications. The total labor cost for the agents during this period was $29, 184. What was Dreary's labor efficiency variance for this last pay period? $384 unfavorable $816 Favorable $1, 200 Favorable $1, 500 Favorable

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