Assume the following information appears in the standard cost card for a company that makes only one product: Direct materials Standard Quantity or Hours Standard Price or Rate 5 pounds $ 11.85 per pound 2 hours $ 17.00 per hour 2 hours $ 3.00 per hour Standard Cost $ 59.25 $ 34.00 $ 6.00 Direct labor Variable manufacturing overhead During the most recent period, the following additional information was available: 20,000 pounds of material was purchased at a cost of $10.50 per pound. All of the material that was purchased was used to produce 3,900 units. 8,000 direct labor-hours were recorded at a total cost of $132,000. What is the direct materials spending variance?