Coronado Gold manufactures award medals. In August, Coronado produced 7,000 medals, 300more than expected. During the month, the company purchased 1,100 ounces of gold for $667,000. The standard price for the gold is $600 per ounce. The company actually used 1,000 ounces of gold for production. Calculate Coronados direct materials price variance for the month. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Direct material price variance