Please show your work, explain what you are doing, and be detailed. I want to learn from my mistake, please! :)

Concord Products embosses notebooks with school and corporate logos. Last year, the company's direct labor payroll totaled $340,395 for 49,190 direct labor hours. The standard wage rate is $7.00 per direct labor hour. Calculate Concord's direct labor rate variance. (Round answer to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter O for the amounts.) $ 33533.50 Unfavorable Direct labor rate variance