4 A company uses the following standard costs to produce a single unit of output Direct materials Direct labor 2 Manufacturing overhead 6 pounds at $0.00 per pound 0.6 hour at $8.00 per hour 0.6 hour at $4.00 per hour $4.00 14.30 $2.40 During the latest month, the company purchased and used 58.000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output Direct labor costs for the month totaled $44,460 based on 5.850 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $21,000 and fixed manufacturing overhead incurred was $13,000. Based on this information, the total direct materials cost variance for the month was