QUESTION 17 Mid Chy Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP stimated the following under cost for one of the most popular products Budgeted price Direct materials Direct labor Budgeted quantity 4 pounds 060 hours 1312 our pound a ge age of $17.50 per hou. During September, MCP produced and sold 2,000 units using 8,200 pounds of direct materials at an average cost per pound of $7.00 and 1160 director houn st The direct labor efficiency variance during September is $680 favorable $700 unfavorable $800 favorable $100 unfavorable