Zeke's Bikes uses a standard cost system and provides the following information: Standards: 3 lbs of material per unit at a cost of $1.00 per pound. 3 direct labor hours per unit costing $11.30 per hour. Actual: 2,500 lbs of material were purchased at a cost of $1.25 per pound. Employees worked 1,800 hours and were paid $10.65 per hour. Zeke's Bikes produced a 1,100 bikes this period. Calculate the direct labor cost variance and the direct labor efficiency variance. Direct Labor Cost (AC ? SC) ? AQ = Variance = (AQ ? SQ) ? SC = II II Favorable or Unfavorable Direct Labor Efficiency Favorable or Variance Unfavorable