Indigo Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $6.00 per kilogram) Direct labour (2 hours at $11 per hour) Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit $12.00 22.00 11.15 6.25 $51.40

Actual costs for producing 2,740 units were as follows: Indigo Company budgeted the following cost standards for the current year: Calculate the materials price variance for materials purchased. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to 0 decimal places, es. 125.) Materials price variance