Cloudy Company established the following standards with respect to one of its products: Direct materials (pounds) Direct labor (hours) Variable overhead [applied using machine hours (MH)] Std Qty. 3.0 1.5 1.0 Std price (rate) $6.00 $30.00 $5.00 Std. cost $18.00 $45.00 $5.00 $68.00 Actual results for the past quarter were as follows (there was no beginning direct materials inventory): Units produced Direct materials purchased (pounds) Direct materials purchased (dollars) Direct materials used (pounds) Direct labor hours incurred Direct labor cost Variable overhead costs Machine hours (MH) incurred 900 2,800 $17,780 2,650 1,400 $41,440 $4,758 915 Calculate the direct labor price (rate) variance for the quarter