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

Direct labor hourly rate paid	$	29.20
Total standard direct labor hours for units produced this period		11,700
Direct labor hours actually worked		11,500
Direct labor rate variance	$	16,700	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.)