1x S11-6 (similar to) Question Help Racer Oil performs oil changes. The standard wage rate for oil change technicians is $9 per hour. By analyzing its past records of time spent on oil changes, the company has developed a standard of 12 minutes (or 0.20 hours) per oil change. In July, 1,500 oil changes were performed at Racer Oil. Oil change technicians worked a total of 275 direct labor hours at an average rate of $12 per hour. Read the requirements. amount to the nearest whole dollar. Abbreviations used: DL = Direct labor.) Actual hours *( Actual rate Standard rate ) = DL rate variance 275 12.00 *( $ 9.00 ) = $ 825 U Requirement 2. Calculate the direct labor efficiency variance. Determine the formula for the efficiency variance, then compute the efficiency variance for the direct labor. (Enter the result as a positive number. Label the variance as favorable (F) or unfavorable (U). Enter the currency amount in the formula to the nearest cent, then round the final variance amount to the nearest whole dollar. Abbreviations used: DL = Direct labor.) Standard rate Actual hours Standard hours allowed DL efficiency variance *( * 9.00 275 284 = 81 F