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The Russell Company provides the following standard cost data per unit of product: Direct material (2 gallons @ $5 per gallon) $10.00 Direct labor (1

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The Russell Company provides the following standard cost data per unit of product: Direct material (2 gallons @ $5 per gallon) $10.00 Direct labor (1 hours @ $10 per hour) $10.00 During the period, the company produced and sold 20,000 units, incurring the following costs: Direct material Direct labor 42,000 gallons @ $4.90 per gallon 20,500 hours @ $9.75 per hour. The direct labor price variance was: Multiple Choice The direct labor price variance was: Multiple Choice 15 55.000 unfavorable $5125 favorable $5,000 favorable $5125 unfavorable

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