Tiller Co. makes organic fertilizer sold in one pound bags for the gardener market. The standard material is 25 ounces per bag of assorted meal at a cost of $0.78 per ounce. Tipper Co. budgeted to make 65,000 bags but due to high demand, they ended up making 76,000 bags. They paid $42,000 for 60,000 ounces of meal and used all in production during the period.

What is their material cost variance for this period? Enter a favorable variance is a positive number and an unfavorable variance as a negative number