Ripjaws Company developed standard costs for direct material and direct labor. In 2017, Ripjaws estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. During July, Ripjaws produced and sold 4,000 containers using 1,000 pounds of direct materials at an average cost per pound of P37 and 475 direct manufacturing labor hours at an average wage of P18.75 per hour. The direct material efficiency variance during July is Ripjaws Company developed standard costs for direct material and direct labor. In 2017, Ripjaws estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. During July, Ripjaws produced and sold 4,000 containers using 1,000 pounds of direct materials at an average cost per pound of P37 and 475 direct manufacturing labor hours at an average wage of P18.75 per hour. The direct material efficiency variance during July is