QUESTION 6 Genent Industries, Inc. (Gll), developed standard costs for direct material and direct labor. In 2017, Gil estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container, Budgeted quantity Budgeted price Direct materials 0.70 pounds $50 per pound Direct labor 0.80 hours $18 per hour During July, Gil produced and sold 4000 containers using 3000 pounds of direct materials atlan average cost per pound of $45 and 3280 direct manufacturing labor hours at an average wage of $18.25 per hour. The direct labor efficiency variance during July is $2260.00 favorable $1460.00 unfavorable $820.00 favorable $1440.00 unfavorable