QUESTION 10

Assume the following information for Webster Company:

Beginning Raw Materials Inventory (Quantity):	200 items
Budgeted Ending Raw Materials Inventory (Quantity):	200 items
Budgeted direct materials (Purchased):	$7,000
Standard quantity of direct materials per unit:	20 items
Budgeted production:	100 units
Actual Ending Raw Materials Inventory (Quantity):	175 items
Actual direct materials costs (Purchased):	$7,500
Actual quantity of direct materials used per unit:	19 items
Actual production:	150 units

What is Websters direct materials price variance? (do not round intermediate calculations, round final answer to the nearest cent)