Question 2 Sawyer Industries, Inc. developed standard costs for direct material and direct labor. In 2020, Sawyer Industries estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Direct materials Direct labor Budgeted quantity 0.20 pounds 0.10 hours Budgeted price $25 per pound $15 per hour During July, Sawyer Industries, Inc. produced and sold 10,000 containers using 2.200 pounds of direct materials at an average cost per pound of $24 and 1,050 direct manufacturing labor hours at an average wage of $14.75 per hou The Direct Materials Price Variance was A. $2,200 Favorable The Direct Materials Efficiency Variance was B. $262.50 Unfavorable The Direct Labor Rate Variance was C. $2.200 Unfavorable The Direct Labor Efficiency Variance was D. $487.50 Unfavorable E. $2,800 Unfavorable F. $750 Unfavorable G. $5,000 Unfavorable H. $750 Favorable I. $5,000 Favorable J. $262.50 Favorable