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M Inc. estimated the following standard costs for one of their most popular products. Direct materials Direct labor Budgeted quantity Budgeted price 4 pounds 0.60

M Inc. estimated the following standard costs for one of their most popular products. Direct materials Direct labor Budgeted quantity Budgeted price 4 pounds 0.60 hours $7.25 per pound $17.00 per hour During September, M produced and sold 5,000 units using 2,800 labor hours at an average wage rate of $17.50 per hour. The direct labor efficiency (quantity/usage) variance during September is

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