TB MC Qu. 9-60 (Static) Madrid Co. has a direct labor standard of 4 hours... Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $11 per hour. During February, Madrid Co. paid $99,500 to employees for 9,150 hours worked. 2,400 units were produced during February. What is the direct labor rate variance? Multiple Choice O $4,950 favorable O $1,150 favorable $302 favorable O $6,100 favorable