The company uses a Product Costing System. The company uses an Actual Costing System. The company uses a First-In-First-Out inventory cost flow assumption. The company had no raw materials, WIP, or finished goods inventory at 1/1/20. On 2/12/20, the company purchased 125,000 pounds of raw materials at $2.60 per pound. On 3/15/20, the company placed 110,000 pounds of raw materials into production and began production of 10,000 units. On 5/17/20, the company incurred direct labor of 24,000 hours at $8.75 per hour. On 6/19/20, the company paid insurance on its factory of $51,000. On 8/21/20, the company finished production of 10,000 units. On 9/23/20, the company sold 10,000 units on account for $120.00 per unit. Calculate the company's direct labor price variance for 2020. Stardard DL Rate is $8