Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor efficiency variance. Direct labor standard (3.00 hrs. @ $18.20/hr.) $ 54.60 per finished unit Actual direct labor hours 85,800 hrs. Actual finished units produced 28,500 units Actual cost of direct labor $1,576, 100 Multiple Choice $5,460 favorable $20,000 favorable $14,540 favorable $5,460 unfavorable $20,000 unfavorable