Honesty Company uses standard costing for each specialized product. The following information is available: Standards: Material 3.0 feet per unit @ P42.00 per foot Labor 2.5 hours per unit @ P75.00...

Honesty Company uses standard costing for each specialized product.  The following information is available:



Standards:

                Material             3.0 feet per unit @ P42.00 per foot
                Labor                  2.5 hours per unit @ P75.00 per hour

               Actual:

                Production        2,750 units produced during the month
                Material             8,700 feet used; 9,000 feet purchased @ P45.00 per foot
                Labor                  7,000 direct labor hours @ P79.00 per hour


How much is the labor efficiency variance?