Cole Laboratories makes and sells a lawn fertilizer called Fastgro. The company developed standard costs for one bag of Fastgro as follows: Standard Quantity Standard Cost per bag Direct material 20 pounds $8.00 Direct labor 0.1 hours 1.10 Variable overhead 0.1 hours 0.40 The company had no beginning inventories of any kind on January
1. Variable overhead is applied to production on the basis of standard direct-labor hours. During January, the company recorded the activity: Production of Fastgro: 4,000 bags Direct materials purchased: 85,000 pounds at a accost of $32,300 Direct-labor worked: 390 hours at a cost of $4,875 Variable overhead incurred: $1,475 Inventory of direct materials on January 31: 3,000 pounds The labor efficiency variance for January is?