Waterway Family Instruments makes cellos. During the past year, the company made 6,640 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 24,800 direct labor hours were worked. (a) Calculate the direct labor rate and efficiency variances. (If variance is zero, select "Not Applicable and enter for the amounts.) $ 12400 Unfavorable Direct labor rate variance Direct labor efficiency variance $ 276120 Favorable