Welch Company budgeted the following cost standards for the current year: Direct materials = 1.40 pounds per unit @ $1.50 per pound Direct labor = 0.75 hours per unit @ $6 per hour Actual production and costs were as follows: Units produced = 2,800 Direct materials used = 4,500 lbs. Direct materials purchased = 5,000 lbs. @ a cost of $5,850 Direct labor incurred = 2,000 hours at a cost of $13,000The labor efficiency variance was

Question 8 options:

	$600 F
	$400 U
	$4,800 F
	$1,000 U