None of the above 5 pts Question 5 Elm Industries uses a standard cost accounting system to compute the cost of its inventory. During the month of May. Elm's actual total direct labor costs are $51,450. 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 Elm applies to its work-in-process inventory for the month of May? $51.450 O $50,400 D$52,500 01553 250 None of the above O 5 nts