Cost standards for a product: Direct material: 3 pounds at $2.50 per pound $ 7.50 Direct labor: 5 hours at $7.50 per hour 37.50 Actual results for product during the month: Units produced 7,800 units Direct material used 23,100 pounds Direct material purchased 25,000 pounds at $2.60 $ 65,000 Direct labor 40,100 hours at $7.30 292,730 what is the direct material price variance?