month, 1,390 direct labor hours were used to prepare 700 tax returns. Total wages were $19,460. Read the requirements. Requirement 1. What is the actual (direct labor) wage rate per hour paid last month? (Round your answer to the nearest cent.) The actual (direct labor) wage rate per hour paid last month is Requirement 2. What is the direct labor rate variance? (Abbreviations used: DL = Direct labor) amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U).) (()=DLratevariance)= Requirement 3. What is the direct labor efficiency variance? (Abbreviations used: DL = Direct labor) amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U).) \begin{tabular}{lll} ( & & )= DL efficiency variance \\ ( & & )= \\ \hline \end{tabular} Requirement 4. How might the direct labor rate variance for the firm last month be causing the direct labor efficiency variance? The direct labor rate variance might mean that Altieri hired As a result, the return preparers hours than the standard allows. This accounts for the efficiency variance. 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