Dirickson Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 7.6 ounces 0.10hours 0.10 hours Standard Price or Rate $9.40per ounce $18.00per hour $5.30per hour The company has reported the following actual results for the product for July: Actual output Raw materials purchased Actual cost of raw materials purchised Raw materials used in production Actual direct labor-hours 7,600 units 63,000 ounces Actual direct labor cost $541,800 57,750 ounces Actual variable overhead cost 820 hours The labor efficiency variance for the month is closest to: 16,072 4,592