Sheffield Family Instruments makes cellos. During the past year, the company made 6,400 cellos even though the budget planned for only 5,530. The company paid its workers an average of $20 per hour, which was $0.50 higher than the standard labor rate. The production manager budgets 4 direct labor hours per cello. During the year, a total of 24,440 direct labor hours were worked. (a) Calculate the direct labor rate and efficiency variances. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Direct labor rate variance		$enter the direct labor rate variance in dollars	select an option Not ApplicableUnfavorableFavorable
Direct labor efficiency variance		$enter the direct labor efficiency variance in dollars	select an option Not ApplicableFavorableUnfavorable