7 (Mandatory) (20 points) Assume the following information for Jenkins Inc.: Total flexible budget direct materials costs: Standard quantity of direct materials per unit: Budgeted production: Total actual direct materials costs: $5,000 40 items 300 units $4.500 Actual quantity of direct materials per unit: Actual production: 42 items 250 units What is Jenkins' direct materials efficiency variance? (do not round intermediate calculations, round final answer to the nearest cent)