A company uses the following standard costs to produce a single unit of output. = Direct materials Direct labor Manufacturing overhead 7 pounds at $0.90 per pound 0.3 hour at $10.00 per hour 0.3 hour at $3.50 per hour = $6.30 $3.00 $1.05 = During the latest month, the company purchased and used 66,000 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 $27,840 based on 2,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $7,500 and fixed manufacturing overhead incurred was $10,000. Based on this information, the total direct materials cost variance for the month was