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During the latest month, the company purchased and used 67,000 pounds of direct materials at a price of $0.70 per pound to produce 10,000 units

image text in transcribedimage text in transcribed During the latest month, the company purchased and used 67,000 pounds of direct materials at a price of $0.70 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $37,653 based on 4,890 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $18,500 and fixed manufacturing overhead incurred was $17,000. Based on this information, the direct labor efficiency variance for the month was: Multiple Choice $2,347 favorable $1,467 favorable $880 unfavorable $880 favorable $1,467 unfavorable

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