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
Budgeted finished units for the period		6,000
Actual number of finished units produced		5,000
Standard wage rate per direct labor hour (SP)	$	20.00
Direct labor costs incurred	$	207,000
Actual wage rate per direct labor hour (AP)	$	18.00

The direct labor price variance for October was

Group of answer choices

$40,000 favorable

$20,000 favorable

$30,000 unfavorable

$23,000 favorable