Spruce Up Company has developed the following standards for one of its products:

Direct materials 8 kg $8. 5 per kilogram

Direct labour 3 hours $13 per hour

The following actual activity occurred during the month of April:

Materials purchased 5,000 kg costing $42,500

Materials used 3,600 kg

Units produced 500 units

Direct labour used 1,150 hours at $11. 80 per hour

The company records materials price variances at the time of purchase.

Calculate the materials price variance.