A company uses the following standard costs to produce a single unit of output Direct materials Direct labor Manufacturing overhead 7 pounds at $0.80 per pound 0.2 hour at $10.00 per hour 0.2 hour at $3.20 per hour $5.60 $2.00 $0.64 During the latest month, the company purchased and used 66,00daounds of direct materials at a price of $1.00 per pound to produce 10.000 units of output Direct labor costs for the month totaled $17.860 based on 1,880 direct labor hours worked Variable manufacturing overhead costs incurred totaled $3.400 and fixed manufacturing overhead incurred was $13,000. Based on this information, the total direct materials cost variance for the month was