Assume the following information for Webster Company: Beginning Raw Materials Inventory (Quantity): 200 items Budgeted Ending Raw Materials Inventory (Quantity): 200 items Budgeted direct materials (Purchased): $7,000 Standard quantity of direct materials per unit: 20 items Budgeted production: 100 units Actual Ending Raw Materials Inventory (Quantity): 175 items Actual direct materials costs (Purchased): $7,500 Actual quantity of direct materials used per unit: 19 items Actual production: 150 units

What is Websters direct materials price variance? (do not round intermediate calculations, round final answer to the nearest cent)