Question 10 (3 points) Step Corp. produces a variety of sports equipment. Regarding its hockey net production line, the company has the following standards: Direct materials per net (in kilograms) 2 Cost per kilogram of direct materials $13.50 Standard direct manufacturing labour $22.50 cost (per hour) Standard manufacturing labour time 1.5 (hours per net) In January, the company produced 2,150 hockey nets and reported the following for actual performance: 4,600 4,700 $12.50 Direct materials used (in kilograms) Direct materials purchased (in kilograms) Cost per kilogram of direct materials Total direct manufacturing labour hours Total direct manufacturing labour cost What is the labour efficiency variance? 3,400 $78,200 $648.00 favourable $648.00 unfavourable None of those are correct. $562.50 unfavourable $562.50 favourable