The royal family industries has established the following standards for one unit of product. Direct Materials Direct Labor Standard Quantity Standard Price Standard Cost 5 pounds $3.60/pound $18 1.25 hours $12.00/hour $15 $33 Royal family industries planned to manufacture 20,000 units of product during December, but actually produced 23,000 units of product, using 108,000 pounds of direct materials and 28,000 direct labor hours. The total factory wages for December were $364,000, 85% of which were for direct labor. Royal family's direct materials efficiency variance for December is