Genuine Inc. gathered the following data related to direct labor costs for April: Standard labor rate is $20 per hour Standard labor hours per unit of production are 2 hours Actual labor rate is $18 per hour Actual labor hours per unit of production are 2.5 hours. Actual units of production are 8,000 and Budgeted units of production are 7,000. Calculate the total direct labor cost variance. Im (3 Points) $40,000 unfavorable -$80,000 favorable -$40,000 favorable $80,000 unfavorable