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Metcalf Manufacturing Company has established direct labor standards of 1.0 hour at $15.25 per hour...

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Accounting

Metcalf Manufacturing Company has established direct labor standards of 1.0 hour at $15.25 per hour for a product it makes. During December, the company made 5,500 units of that product. Direct labor used was 5,400 hours, and workers were paid $16.25 per hour. Which of the following is true? Question 33 options: The labor efficiency variance is $5,400 favorable. The labor efficiency variance is $5,400 unfavorable. The labor efficiency variance is $1,525 favorable. The labor efficiency variance is $1,525 unfavorable

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