Sheldon Company manulactures only one product and uses a standard cost syatem. During the past month, manufacturing operations for the company had the following variances: direct labor rate variance =$30,000 Favorable; dirnct labor efficiency variance =$50,000 unfavorable. Sheldon allows 5 standard direct labor heurs per unit produced, and its standard direct labor hourly pay rate is $50. During the month, the company used 25% more direct labor hours than the standord allowed. How many units of the product were produced during the past month? 600 1,000. 1,200. 1,500. 2,000