Sheridan Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $5.00 per kilogram) $10.00 Direct labour (2 hours at $11 per hour) 22.00 Variable manufacturing overhead 10.00 Fixed manufacturing overhead 6.00 Total standard cost per unit $48.00 Actual costs for producing 2,650 units were as follows: Direct materials used 5,500 kg Direct materials purchased (6,400 kg) $31,360 Direct labour (6,800 hours) $61,200 Variable manufacturing costs $32,000 Fixed manufacturing costs $17,000 (a) 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, e.g. 125.) Materials price variance $