The following information describes a company's usage of direct labor in a recent period. The total direct labor variance is Actual hours used Actual rate per hour Standard rate per hour Standard hours for units produced 40,000 $ 15.00 $ 14.60 43,000 Multiple Choice $16,000 favorable $27,800 favorable $16.000 favorable $27,800 favorable $ 16,000 unfavorable $43,800 favorable. $27.800 unfavorable