Question 2 3 pts Accelerator, Inc. manufactures a fuel additive called surge. The company produces and sells 40.000 containers of surge each month, The company has established the following standards for each container of surge produced: standard quantity standard price direct materials 7 gallons $5.00 per gallon direct labor 3.50 hours $14.00 per hour The following information is available for surge for the month of August: 1. 310,000 gallons of chemicals were purchased at a total cost of $1,503,500. At August 31, Accelerator, Inc. had 23.000 gallons of chemical available in the storeroom. 2. 143,000 direct labor hours were worked during August at a total cost of $1,973,400. 3. At August 1, Accelerator, Inc. had no inventories of any type on hand. Calculate the direct material price variance for August. 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). Quiz scores will not be adjusted for failing to follow these directions