ponaj

ponaj.ps ABC company developed standard costs for direct material and direct labor for the master budget. In 2019, the company estimated the following standard costs for its product. Direct materials Budgeted quantity 2 pounds 0.40 hours Budgeted price $2.30 per pound $15.00 per hour Direct labor During January, the company produced and sold 1,000 units using 2.200 pounds of direct materials at an average cost per pound of $2.00 and 360 direct labor hours at an average wage of $15.15 per hour. The direct material efficiency variance during January is Select one: a. $460 favorable b. $460 unfavorable c. $640 favorable d. $640 unfavorable SUS