Home Decor manufactures special metallic materials for luxury homes that require highly skilled labor. Home Decor uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:

Direct materials: 3 pounds per unit; $3 per pound

Direct labor: 4 hours per unit; $16 per hour

Home Decor produced 4000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 25,000 direct labor hours and actual total direct labor costs were $372,000.

Calculate the labor rate, flexible budget, and labor efficiency variances for direct labor.