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information regarding Maxwells direct labor cost for the month of January follows: Direct labor hourly...

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Accounting

information regarding Maxwells direct labor cost for the month of January follows: Direct labor hourly rate paid $28.90 Total standard direct labor-hours for units produced this period 11,400 Direct labor-hours worked 11,200 Direct labor rate variance $16,400 favorable

Required:

1. Compute the standard direct labor wage rate per hour in January. (Round your final answer to two decimal places.)

2. Compute the direct labor efficiency variance. (Round your standard direct labor rate per hour to two decimal places and your final answer to the nearest whole dollar amount.)

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