Milar Corporation makes a product with the following standard costs Standard Quantity ard Price or Direct materials Direct labor Variable overhead 7.7 pounds 0.1 hours 0.1 hours s 4.80 per pound $20.00 per hour 4.00 per hour In January the company produced 2.000 units using 16,060 pounds of the direct material and 210 direct labor-hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $65.910. The actual direct labor cost was $4,473 and the actual variable overhead cost was $756 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for January is