A company specialises in food testing for restaurants and supermarkets. For the year just ended it was hoped that it could secure a new contract with a large supermarket chain, therefore it had produced cost budgets for 12,000 and 18,000 tests. The following labour costs were budgeted: 12,000 tests 18,000 tests $000 1,440 2,160 It did not secure the contract with the large supermarket but did manage to take on work for several smaller supermarkets. Its actual results for the year are: Tests 15,000 $1,875 Labour costs Calculate the budget variance for labour cost for the period.