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Information regarding Maxwells direct labor cost for the month of January follows:

Direct labor hourly rate paid	$	29.90
Total standard direct labor hours for units produced this period		12,400
Direct labor hours actually worked		12,200
Direct labor rate variance	$	17,400	favorable

Required:

1. Compute the standard direct labor wage rate per hour in January. (Round your answer to 2 decimal places.)

2. Compute the direct labor efficiency variance for January. Was this variance favorable (F) or unfavorable (U)? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)