The following information is available for Mexcore Chemical Corporation for this last year: Budgeted Production: 5,000 units Standard Direct Labor rate: $12/hour Standard Direct Labor usage: 5 hours/unit Standard Direct Materials price: $500 container Standard Direct Materials usage: 0.25 containersunit Standard variable overhead rate: $15/direct labor hour Actual Production: 4,800 units Actual Direct Labor rate: $13/hour Actual Direct Labor Usage: 22,000 hours Actual Direct Materials price: $495/container Actual Direct Materials usage: 1,200 containers (amounts used and purchased are the same Actual Variable Overhead incurred $400,000 What is the Direct Materials Static Budget Variance