TCF is a local manufacturer that operates in Victoria. It sources all materials from overseas suppliers whilst assembling the final product in its Bendigo factory using highly skilled workers. As such, direct labor costs are a significant expense for the business. A total direct labour cost of $450,000 was incurred for 10,000 hours of direct labor to produce 4,000 units of output. The budgeted (i.e., standard) direct labour hours per unit of output was 2 labour hours at a budgeted (standard) labour rate $40 per hour. Which of the following is closest to TCF's direct labour efficiency variance? $40,000 Favourable $40,000 Unfvourable $80,000 Favourable $80,000 Unfavourable $180,000 Unfavourable No answer text provided