Butrico Manufacturing Corporation uses a standard cost system, records materials price variances when direct materials are purchased, and prorates all variances at year-end. Variances associated with direct materials are prorated based on the balances of direct materials in the appropriate accounts, and variances associated with direct labor and manufacturing overhead are prorated to Finished Goods Inventory and to Cost of Goods Sold (COGS) on the basis of the relative direct labor cost in these accounts at year-end.

The following information is for the year ended December 31:

The company had no beginning inventories and no ending Work-in-Process (WIP) Inventory. It applies manufacturing overhead at 80% of standard direct labor cost.

Finished goods inventory at 12/31:
Direct materials	$ 101,790
Direct labor	152,685
Applied manufacturing overhead	122,148
Direct materials inventory at 12/31	65,700
Cost of goods sold for the year ended 12/31:
Direct materials	$ 407,160
Direct labor	865,215
Applied manufacturing overhead	692,172
Direct materials price variance (unfavorable)	11,700
Direct materials usage variance (favorable)	17,550
Direct labor rate variance (unfavorable)	23,400
Direct labor efficiency variance (favorable)	5,850
Actual manufacturing overhead incurred	807,300

Required:

1. Compute the amount of Direct Materials Price Variance to be prorated to Finished Goods Inventory at December 31.