Perform variance analysis for Tesla, Inc.'s direct labor for October 2023.

Item	Amount ($)
Standard Cost per Hour	18
Actual Cost per Hour	19
Standard Hours Allowed for Actual Production	3,000 hours
Actual Hours Worked	3,200 hours

Question:

Using the given data, calculate the direct labor rate variance and the direct labor efficiency variance for Tesla, Inc. for October 2023. Show your calculations and explain the significance of these variances.