DO IT$?11\mathrm{.}1($LO $1),$ AP Larkin Company accumulated the following standard cost data concerning product I$-$Tal.

Direct materials per unit: $2$ pounds at $$5$ per pound

Direct labor per unit: $0\mathrm{.}2$ hours at $$16$ per hour

Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $$20$ per direct labor hour Compute the standard cost of one unit of product I$-$Tal.

Compute materials variance.