[The following information applies to the questions displayed below.]

Roman Mfg.'s July production involved actual direct labor costs of $56,373 for 4,300 direct labor hours. The budget for the July level of production called for 4,400 direct labor hours at $13.10 per hour, using a standard cost system.

Roman's labor rate variance for July is:

• $1,310 favorable.

• $1,267 favorable.

• $1,267 unfavorable.

• $43 unfavorable.

[The following information applies to the questions displayed below.]

Roman Mfg.'s July production involved actual direct labor costs of $56,373 for 4,300 direct labor hours. The budget for the July level of production called for 4,400 direct labor hours at $13.10 per hour, using a standard cost system.

Roman's labor efficiency variance for July is:

• $1,310 favorable.

• $1,267 favorable.

• $1,267 unfavorable.

• $43 unfavorable.