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The standard cost for 5,000 units of a product and 10,000 direct labor hours is as follows: Standard cost descriptionStandard quantity per unitStandard rateStandard cost

The standard cost for 5,000 units of a product and 10,000 direct labor hours is as follows: Standard cost descriptionStandard quantity per unitStandard rateStandard cost per unit Direct materials4 pounds@ $3$12 Direct labor2 hours@ $10$20 Variable overhead2 hours@ $8$16 Fixed overhead$25,000 per 5,000 units$5 Total standard cost per unit$53 The actual direct labor hours used to produce 4,950 units was 9,700 hours. What is the direct labor efficiency variance

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