Next question Smith Tax Services prepares tax retums for senior citizens. The standard in terms of direct labor) time spent on each retum is 3 hours. The direct labor standard wage rate at the firm is $14.00 per hour. Last month, 2.680 direct labor hours were used to prepare 900 tax returns. Total wages were $40,200. Read the requirements Requirements wer to the nearest cont.) 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