TB MC Qu. 8-36 (Algo) The Russell Company provides the following... The Russell Company provides the following standard cost data pei unit of product: Direct material ( 3 gallons $5 per gallon) $15.00 Direct labor ( 2 hours $12 per hour) $24.00 During the period, the company produced and sold 24,000 units, incurring the following costs: Direct material 75,000 gallons e $4.90 per gallon Direct labor 48,500 hours \& $11.75 per hour The direct tabor price variance was: Muitiple Choice $12,125 favorable Multiple Choice $12,125 fovorable. $12,000 unfovorable. $12.000 favorable. $12,125 unfovorable