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A company uses the following standard costs to produce a single unit of output. Direct materials5 pounds at $0.9 per pound=$4.50 Direct labor0.30 hour at

A company uses the following standard costs to produce a single unit of output.

Direct materials5 pounds at $0.9 per pound=$4.50

Direct labor0.30 hour at $10.00 per hour=$3.00

Manufacturing overhead0.30 hour at $4.60 per hour=$1.38

During the latest month, the company purchased and used 47,000 pounds of direct materials at a price of $1.20 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $27,645 based on 2,850 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $9,800 and fixed manufacturing overhead incurred was $14,000. Based on this information, the direct materials quantity variance for the month was:

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