ABCD Company has the following standards for its single product: standard quantity standard price direct materials 12 pounds per unit $4.25 per pound direct labor 8 hours per unit $14.00 per hour variable overhead 8 hours per unit ?????? per hour fixed overhead 8 hours per unit ?????? per hour THE Company reported the following information for the month of October: 1. 9,140 units were produced. 2. The direct material usage variance was $36,295 favorable. 3. The variable overhead spending variance was $1,520 unfavorable. 4. The actual fixed overhead cost totaled $562,000 5. The direct labor rate variance was $4,560 favorable. 6. Direct materials were purchased at a price of $4.80 per pound. 7. The denominator hours were 72,000 hours. 8. The actual rate paid to direct laborers was $13.94 per hour. 9. The actual variable overhead cost amounted to $624,720. 10. The fixed overhead spending variance was $22,000 unfavorable. 11. At October 1, the direct materials inventory consisted of 8,000 pounds while the direct materials inventory at October 31 totaled 3,000 pounds. Calculate the direct material price variance for October. If the variance is favorable, place a minus sign in front of your answer (i.e., -5000). If the variance is unfavorable, simply enter your answer as a number (i.e., 5000)