The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance is: Actual hours used Actual rate per hour 40,000 $ 15.00 Standard rate per hour $ 14.00 Standard hours for units produced 42,000 Multiple Choice $40,000 favorable. $28,000 favorable. $28,000 unfavorable. $40,000 unfavorable. $12,000 unfavorable