Given the following standard costs for direct materials and…
Given the following standard costs for direct materials and direct labor per unit of product: Direct materials 2 pounds@ $11 per pound Direct labor 1.5 hours @ $18 per hourDuring the month, 1,400 units were produced and sold. Direct materials purchased and used were 3,000 pounds at a cost of $9.50 per pound, and 1,900 hours of direct labor were incurred at a wage rate of $21.00 per hour. The direct labor efficiency variance for the month is