The following labour standards have been established for a

particular product:

Standard labour hours per unit of output …………………………. 5.0

hours

Standard labour rate …………………………………………………………. £19.85 per hour

The following data pertain to operations concerning the

product for the last month:

Actual hours worked …………………………………………………………. 7,300 hours

Actual total labour cost …………………………………………………….. £148,190

Actual output ……………………………………………………………………. 1,400 units

What is the labour efficiency variance for the month?