The Cartwheel Corporation developed the following standards for the manufacture of its product:

• Each unit should be produced using 16 pounds of direct materials purchased at $8 per pound.
• Each unit should be produced in 2 hours at a direct labor cost of $15 per hour.

Actual production was 120 units and required 1,600 pounds of direct materials at a total cost of $9,600 as well as 230 direct labor hours. What was the total budget variance for direct materials? Use a positive number to indicate a favorable variance or a negative number to indicate an unfavorable variance.