Question 37 (1 point) Chase Corp. is currently operating at 80% capacity, producing 5,000 units. Per unit cost information is shown in the table below. Any amount over $34 per unit. Any amount over $20 per unit. Any amount over $14 per unit. Any amount over $9 per unit. 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? 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