Maxima Inc. uses a standard cost accounting system. During the month of May, Maxima's actual total direct labor costs are $71,450. The direct labor rate variance is $1,800 unfavorable, and the direct labor efficiency variance is $750 favorable. What is the total amount of direct labor costs that Maxima applies to its work in process inventory for the month of May? $68,900$70,400$71,450$72,500 None of the above