Marv Company's direct labor costs for manufacturing its only product were as follows for October:

Standard direct labor hours $($DLHs$)$ per unit of product $2\mathrm{.}0$

Budgeted finished units for the period $6,700$

Actual number of finished units produced $5,500$

Standard wage rate per direct labor hour $($SP$)$ $ $27\mathrm{.}00$

Direct labor costs incurred $ $300,000$

Actual wage rate per direct labor hour $($AP$)$ $ $25\mathrm{.}00$

The direct labor rate variance for October was:Marv Company's direct labor costs for manufacturing its only product were as follows for October:

The direct labor rate variance for October was:

Multiple Choice

$$2,000$ unfavorable.

$$16,000$ favorable.

$$24,000$ favorable.

$$27,000$ unfavorable.

$$43,000$ unfavorable.