Jones Company has the following standards for its single product: standard quantity standard price direct materials 11 pounds per unit $4.25 per pound direct labor 8 hours per unit $14.00 per hour variable overhead 8 hours per unit ?????? per hour Jones Company reported the following information for the month of October: 1. 9,140 units were produced. 2. The direct material quantity variance was $36,295 favorable. 3. The variable overhead spending variance was $1,520 favorable. 4. The total direct labor variance was $7,140 unfavorable. 5. Direct materials were purchased at a price of $4.60 per pound. 6. The actual rate paid to direct laborers was $13.93 per hour. 7. The actual variable overhead cost amounted to $627,480. 8. At October 1, the direct materials inventory consisted of 2,000 pounds while the direct materials inventory at October 31 totaled 8,000 pounds. Calculate the direct material price variance for October. If the variance is favorable, place a minus sign in front of your answer (i.e., -5000). If the variance is unfavorable, simply enter your answer as a number (i.e., 5000).