Ivanhoe Industries uses a standard cost system. Ivanhoe has established the following standards for one unit of product: standard labor of 0.35 hour and standard wage rate of $11 per hour. During January, Ivanhoe used 5,400 hours of direct labor and paid $64,500 in wages in producing 19,100 units. Calculate the direct labor rate variance and indicate whether the variance is favorable or unfavorable. Directlabor rate variance eTextbook and Media Attempts: 1 of 3 used