Standard Quantity Standard Price or or Hours Rate 5 pounds $ 11.00 per pound 2 hours $ 18.50 per hour 2 hours $ 3.00 per hour Direct materials Direct labor Variable manufacturing overhead Standard Cost $ 55.00 $ 37.00 $ 6.00 During the most recent period, the following additional information was available: 20,000 pounds of material was purchased at a cost of $10.50 per pound. . All of the material that was purchased was used to produce 3,900 units. 8,000 direct labor-hours were recorded at a total cost of $132,000. What is the direct labor efficiency variance? Multiple Choice O $3,700 U O $3,300 F $3,300 U $3,700 F