Prokp Co.'s records for April disclosed the following data relating to direct labor: Actual labor cost (payroll) for April Labor rate variance Labor efficiency variance Actual direct labor hours worked (AQ) $20,000 $ 4,000 favorable $ 2,400 unfavorable 1,000 Prokp's standard direct labor rate per hour (SP) in April, rounded to two decimal places, was: Multiple Choice 0 $18.00. O $24.00. O $26.67. O $16.00 O $20.00