Genet industries inc. developed standard costs of direct materials and direct labor. in 2017, genet industries estimated the following standard costs for one of their major products, the 30 gallon heavy duty plastic container. variance is budget quantity budget price dir. mat. .30 lbs. $50 lb .

during july. Genet produced and sold 4,000 containers using 1,350 pounds of direct materials at an average of $48 per pound.

July's direct material flexible budget variance is?