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Homework: Chapter 7 Homework Score: 0 of 1 pt 7.5-16a 35 of 37 (34 complete) Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, Gll estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Direct materials Direct labor Budgeted quantity. 0.4 pounds 0.1 hours Budgeted price $50 per pound $16 per hour During July, Gll produced and sold 3,000 containers using 1,450 pounds of direct materials at an average cost per pound of $47 and 325 direct manufacturing labor hours at an average wage of $16.25 per hour. The direct manufacturing labor efficiency variance during July is OA. $81 favorable OB. $406 unfavorable OC. $400 unfavorable OD. $481 favorable Save HW Score: 75.11%, 33.8 of 45 pts Question Help