An accountant calculated the cost variances for March based on the following Information. If 24,000 units were produced and sold in March, what is the company's direct labor efficiency varlance? Direct labor standard rate Direct labor quantity standard Actual direct labor cost Actual number of direct labor hours $16.25 per DLHr 3 hours per unit $1,200,000 75,000 DLHr Multiple Choice $ 48,750 favorable. $ 48,000 unfavorable. $ 48,000 favorable. $45,550 favorable. $ 48,750 unfavorable