Genent​ Industries, Inc.​ (GII), developed standard costs for direct material and direct labor. In​ 2017, GII estimated the following standard costs for one of their major​ products, the 30minusgallon heavyminusduty plastic container. Budgeted quantity Budgeted price Direct materials 0.2 pounds $ 20 per pound Direct labor 0.5 hours $ 18 per hour During​ July, GII produced and sold 3 comma 000 containers using 900 pounds of direct materials at an average cost per pound of $ 16 and 1 comma 575 direct manufacturing labor hours at an average wage of $ 18.75 per hour. The direct material efficiency variance during July is​ ________.