ment 2. What is the direct labor rate variance? (Abbreviations used: DL= Direct labor) determining the formula for the rate variance, then compute the rate variance for direc to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U).) Requirements 1. What is the actual (direct labor) wage rate per hour paid last month? 2. What is the direct labor rate variance? 3. What is the direct labor efficiency variance? 4. How might the direct labor rate variance for the firm last month be causing the direct labor efficiency variance