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Standard Tires labor standard for the production of one bicycle tire is 4.5 hours at $8.50 per hour. During October, the companys employees produced 140,000

Standard Tires labor standard for the production of one bicycle tire is 4.5 hours at $8.50 per hour. During October, the companys employees produced 140,000 tires, using 610,000 hours at a total cost of $5,328,400. How much is Standard Tires labor efficiency variance?

$143,400 unfavorable

$26,600 favorable

$170,000 favorable

$313,400 favorable

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