Crane WaterWorks manufactures snorkel gear. During the past month, Washington purchased 3,400 pounds of plastic to use in its dive masks, at a cost of $5,000. The standard price for the plastic is $1.20 per pound. The company actually used 3,300 pounds of the plastic to produce 14,000 dive masks. Calculate Cranes direct materials price variance for the month. (Round intermediate calculations to 5 decimal places, e.g. 1.24638 and final answer to 0 decimal places, e.g. 5,275.)

Direct material price variance

enter the direct material price variance in dollars rounded to 0 decimal places

select an option Unfavorable Neither Favorable nor Unfavorable Favorable