Information regarding Maxwells direct labor cost for the month of January follows: Direct labor hourly rate paid $29.80 Total standard direct labor-hours for units produced this period 12,300 Direct labor-hours worked 12,100 Direct labor rate variance $17,300 favorable

Required: 1. Compute the standard direct labor wage rate per hour in January. (Round your final answer to two decimal places.) 2. Compute the direct labor efficiency variance. (Round your standard direct labor rate per hour to two decimal places and your final answer to the nearest whole dollar amount.)