During the latest month, the company purchased 76000

A company uses the following standard costs to produce a single unit of output Direct materials 8 pounds at $0.90 per pound Direct labor - 0.6 hour at $10.00 per hour Manufacturing overhead 0.6 hour at $4.70 per hour - - - $7.20 $6.00 $2.82 During the latest month, the company purchased and used 76,000 pounds of direct materials at a price of $150 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $57,133 based on 5,890 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $24.200 and feed manufacturing overhead incurred was $10,000. Based on this information, the total direct labor cost variance for the month was: Multiple Choice O $2.867 favorable 51757 favorable BN M