Fausto Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standard for the materials costs of one unit of product:

Standard Quantity	Standard Price	Standard Cost
6.0 pounds	$7.90/pound	$47.40

During June, the company purchased 174,000 pounds of direct material at a total cost of $1,392,000. The company manufactured 34,000 units of product during June using 205,360 pounds of direct materials. The direct material quantity variance for June is: