Use the following information to answer the next four questions For each unit produced, a company expects to use 4.5 pounds of material at a cost of $3.25 per pound. It also expects each unit to require 1.75 hours of direct labor to complete, and it expects the wage rate to be $13 per hour. During the month, the company purchased 35,000 pounds of material for $105,000, and used all 35,000 pounds of material to produce 8,000 units. The company actually incurred direct labor costs amounting to $177,000 for the 15,000 direct labor hours actually worked during the month. 7. What is the company's direct labor efficiency variance? Indicate whether the variance is favorable or unfavorable