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Concord Gold manufactures award medals. In August, Concord produced 4,300 medals, 300 more than expected. During the month. the company purchased 1,000 ounces of gold

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Concord Gold manufactures award medals. In August, Concord produced 4,300 medals, 300 more than expected. During the month. the company purchased 1,000 ounces of gold for $803,000. The standard price for the gold is $800 per ounce. The company actually used 900 ounces of gold for production. Calculate Concord's direct materials price variance for the month. (If variance is zero, select "Not Applicable" and enter Ofor the amounts.) Direct material price variance

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