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Solly Corporation produces a product for national distribution. Standards for the product are: Materials: 12...

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Solly Corporation produces a product for national distribution. Standards for the product are: Materials: 12 ounces per unit at 60c per ounce Labor: 2 hours per unit at $8 per hour . . During the month of December, the company produced 1,000 units. Information for the month follows: Materials: 14,000 ounces purchased and used at a total cost of $7700 . Labor: 2,500 hours worked at a total cost of $20,625 The labor efficiency variance is

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