Problem 16-62 (Algo) Solve for Direct Labor-Hours (LO 16-5) Williams Corporation reports the following direct labor information for November: Standard rate Actual rate paid Standard hours allowed for actual production Labor efficiency variance $ 31.00 per hour $ 31.70 per hour 44,500 hours $ 204,600 F Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) hours Actual hours worked Labor price variance