uiz Company determined the following standards on January 1. Direct materials Direct labor 5 lbs. per unit 0.75 DL hrs. per unit Variable overhead 0.75 DL hrs. per unit Fixed overhead 0.75 DL hrs. per unit $2.00 per lb. $18.00 per DL hr. $3.00 per DL hr. $4.00 per DL hr. The fixed overhead rate was based on budgeted production of 54,000 units. The actual results for the year were as follows. Units produced Direct materials purchased Direct materials used Direct labor Variable overhead Fixed overhead 53,000 units 274,000 lbs. at $2.50 per lb. 270,300 lbs. 40,100 DL hrs. at $17.95 per DL hr. $122,000 $161,700 Note: For each variance, the first blank will be the dollar amount of the variance. Give your answer using dollar signs and commas but no decimal points (cents). In the second blank, label the variance as either favorable or unfavorable. Example: $12,345 Favorable [A] Determine the direct labor efficiency variance, and [B] Label the variance as either favorable or unfavorable