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 0.5 hour at $8.00 per hour 0.5 hour at $4.60 per hour $5.60 $4.00 $2.30 During the latest month, the company purchased and used 66,000 pounds of direct materials at a price of $0.90 per pound to produce 10,000 units of output Direct labor costs for the month totaled $36,860 based on 4,850 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $19,000 and fixed manufacturing overhead incurred was $20,000. Based on this information, the direct materials price variance for the month was