Elegаnt Designs mаnufаctures decоrative chains fоr all types оf clothing and household needs. The company uses standard costs to prepare its flexible budget. For the second quarter of 20x8, direct material and direct labor standards for the company’s most popular product were as follows:Direct material: 3 pounds per unit; $4 per poundDirect labor: 4 hours per unit; $20 per hourDuring the quarter, Elegant Designs produced 5,000 units. At the end of the quarter, direct labor costs recorded were $375,000 for 25,000 direct labor hours used.Based on these data, what is the direct labor cost variance?