Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $22.50 per hour. During July, Whitman paid $94,750 to employees for 4,445 hours worked. 2,350 units were produced during July. What is the direct labor efficiency variance? $5,262.50 favorable $5,737.50 favorable $11,000.00 favorable $5,262.50 unfavorable