Sheffield Products embosses notebooks with school and corporate logos. Last year, the companys direct labor payroll totaled $ 361,240 for 49,170 direct labor hours. The standard wage rate is $ 7.40 per direct labor hour.

Calculate Sheffields direct labor rate variance. (Round answer to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Direct labor rate variance $________________

Is it (unfavorable, favorable, or neither?)