Q5 - Variances (5) Violet Inc, developed standard costs for direct material and direct labor. In 2019, They estimated the following standard costs for one of their major products, the 20-gallon heavy-duty metal container. Budgeted quantity Budgeted price Direct materials 0.90pounds $50 per pound Direct labor 0.45 hours $30 per hour During December, they produced and sold 5,000 containers using 5,000 pounds of direct materials at an average cost per pound of $20 and 1,500 direct manufacturing labor hours at an average wage of $15.00 per hour. The direct manufacturing labor flexible-budget variance during December is