Direct materials

7 pounds at $0.90 per pound

=

$

6.30

Direct labor

0.4 hour at $8.00 per hour

=

$

3.20

Manufacturing overhead	0.4 hour at $4.80 per hour	=	$	1.92

During the latest month, the company purchased and used 66,000 pounds of direct materials at a price of $1.10 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $28,875 based on 3,750 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $16,200 and fixed manufacturing overhead incurred was $15,000. Based on this information, the total direct materials cost variance for the month was: