Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $27.50 per hour. During July, Whitman paid $190,400 to employees for 8,900 hours worked. 4,790 units were produced during July. What is the direct labor efficiency variance?

• $73,050 favorable

• $54,350 favorable

• $18,700 favorable

• $54,350 unfavorable