Altanta Industries manufactures gadgets. In the month of March, the company incurred the following: Actual Gadgets produced 10,000 Direct Materials 20,000 purchased pounds Direct Materials 20,000 used pounds Cost of Direct Materials $30,000 purchased Direct Labor 2,500 Hours hours Total Direct Labor $37,500 Cost The standards for production are: Standards Direct Materials per 1.83 lbs per gadget gadget Cost of Direct Materials $3.55 per pound per pound 18 minutes per Direct Labor per gadget gadget (30 hours) Direct Labor Cost per $6.00 per gadget gadget What is the Materials Spending Variance? Enter a favorable variance as a positive number. Enter an unfavorable variance as a negative number.