Accelerator, Inc. manufactures a fuel additive called surge. The company produces and sells 40,000 containers of surge each month: The company has established the following standards for each container of surge produced direct materials direct labor standard quantity 7 gallons 3.50 hours standard price $5.00 per gallon $14.00 per hour The following information is available for surge for the month of August: 1. 310,000 gallons of chemicals were purchased at a total cost of $1,503,500. At August 31, Accelerator, Inc. had 23,000 gallons of chemical available in the storeroom. 2 . 143,000 direct labor hours were worked during August at a total cost of $1,973,400. 3. At August 1, Accelerator, Inc. had no inventories of any type on hand. Calculate the direct material price variance for August. 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 (.e., 5000). Quiz scores will not be adjusted for failing to follow these directions