If the direct material standard is 1 pound per unit at $12 per pound, the direct labor standard is 4 hours per unit at $15 per hour, 5,000 units were produced that used 7,000 pounds of direct material that cost $98,000, the direct materials efficiency variance is: Multiple Choice 524,000 F $24,000 F. $24,000. $2,000 . $2,000 F. None of the answers is correct