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Finch produced 3,000 units of output. The production process normally requires 3 hours of labor per unit of output. The standard labor rate is

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Finch produced 3,000 units of output. The production process normally requires 3 hours of labor per unit of output. The standard labor rate is $7.00 per hour, but Finch paid $6.00 per hour. Actual hours needed to complete the production process were 8,500. How much was the labor efficiency variance? $3,000 favorable $3,000 unfavorable $3,500 favorable $3,500 unfavorable

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