Question 5 12 points) Sawyer Industries, Inc. (STI), developed standard costs for direct material and direct labor. In 2004, Sil estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Direct materials Budgeted quantity 0.20 pounds 0.10 hours Budgeted price $25 per pound $15 per hour Direct labor During July, Sil 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 hour. July's direct manufacturing labor efficiency variance is