The following data pertains to the direct materials cost of Lazee Company for the month of October: Standard costs 5,000 units allowed at $20 each Actual costs 5,050 units input at $19 each What is the direct materials efficiency variance? $1,000 favorable $950 favorable $950 unfavorable $1,000 unfavorable Question 19 2 pts Refer to the Lazee problem. What is the direct materials price variance? $5,050 unfavorable $5,000 favorable O $5,050 favorable $5,000 unfavorable