Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not "ideal" at this point, but the management is working toward that as a goal. At present, the company uses the following standards. Materials Item Per unit Cost Metal 1 lb. Plastic 12 oz. 63 per lb. $1.00 per lb. 88 per Ib. Rubber 4 oz. Direct labor Item Per unit Cost Labor 15 min. $7.00 per hr. Predetermined overhead rate based on direct labor hours $3.59 The January figures for purchasing, production, and labor are: The company purchased 226,100 pounds of raw materials in January at a cost of 78 a pound. Production used 226,100 pounds of raw materials to make 114,000 units in January. Direct labor spent 18 minutes on each product at a cost of $6.90 per hour. Overhead costs for January totaled $33,112 variable and $74,000 fixed. Answer the following questions about standard costs. What is the total labor variance? (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answer to 0 decimal places, e.g. 125.) Total labor variance $ Click if you would like to Show Work for this question: Open Show Work