Standard Direct Labor Wage Rate and Direct Labor Efficiency Variance Information regarding Maxwell's direct labor cost for the month of January follows: Direct labor hourly rate paid $28.50 Total standard direct labor hours for units produced this period 11,000 Direct labor hours actually worked 10,800 Direct labor rate variance $16,000 favorable Required Compute the following: 1. Standard direct labor wage rate per hour, rounded to 2 decimal places, in January. 2. Direct labor efficiency variance for January; round your answer to the nearest whole dollar. Was this variance favorable (F) or unfavorable (U)