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A company uses the following standard costs to produce a single unit of output. Direct materials5 pounds at $1.00 per pound=$5.00Direct labor0.40 hour at $8.00

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

Direct materials5 pounds at $1.00 per pound=$5.00Direct labor0.40 hour at $8.00 per hour=$3.20Manufacturing overhead0.40 hour at $3.70 per hour=$1.48

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 $28,425 based on 3,790 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $11,800 and fixed manufacturing overhead incurred was $10,000. Based on this information, the direct materials quantity variance for the month was:

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