Standard rate per direct labor hour: $14.00 Required: 1. Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June using the formula approach. Direct labor rate variance (LRV) Direct labor efficiency variance (LEV) $ 2. Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June. Direct labor rate variance (LRV) $ Direct labor efficiency variance (LEV) $ 3. Calculate the total direct labor variance for oil changes for June. 4. What if the actual wage rate paid in June was $13.50? What impact would that have had on the direct labor rate variance (LRV)? On the direct labor efficiency variance (LEV)? Indicate what the new variances would be below. If required, round your answers to the nearest cent. Direct labor rate variance (LRV): Direct labor efficiency variance (LEV): Screenshot saved The screenshot was added to your Onan Standard rate per direct labor hour: $14.00 Required: 1. Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June using the formula approach. Direct labor rate variance (LRV) Direct labor efficiency variance (LEV) $ 2. Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June. Direct labor rate variance (LRV) $ Direct labor efficiency variance (LEV) $ 3. Calculate the total direct labor variance for oil changes for June. 4. What if the actual wage rate paid in June was $13.50? What impact would that have had on the direct labor rate variance (LRV)? On the direct labor efficiency variance (LEV)? Indicate what the new variances would be below. If required, round your answers to the nearest cent. Direct labor rate variance (LRV): Direct labor efficiency variance (LEV): Screenshot saved The screenshot was added to your Onan