Total Labor Variance

Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.01 hours. During the month of April, 550,000 bottles were produced using 14,000 labor hours @ $9.75. The standard wage rate is $8.25 per hour.

Required:

Calculate the total variance for production labor for the month of April. Enter amounts as positive numbers. If required, round your answer to the nearest cent. $