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Matinna Co. maintains no inventories and has the following data pertaining to one of its direct materials in July: Standard quantity of direct materials for

Matinna Co. maintains no inventories and has the following data pertaining to one of its direct materials in July:

Standard quantity of direct materials for the units manufactured (SQ)

30,000

Direct materials purchasesactual cost

$

63,000

Standard price per unit of direct materials (SP)

$

2.00

Direct material efficiency variancefavorable

$

4,500

All materials purchased during the month were issued to production.

What was the direct materials price variance (purchase) for July, rounded to the nearest dollar?

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