The following data is given for the Stringer Company:

Budgeted production	900 units
Actual production	1,011 units
Materials:
Standard price per ounce	$1.93
Standard ounces per completed unit	11
Actual ounces purchased and used in production	11,455
Actual price paid for materials	$23,483
Labor:
Standard hourly labor rate	$14.09 per hour
Standard hours allowed per completed unit	4.4
Actual labor hours worked	5,206.65
Actual total labor costs	$79,401
Overhead:
Actual and budgeted fixed overhead	$1,185,000
Standard variable overhead rate	$25.00 per standard labor hour
Actual variable overhead costs	$145,786
Overhead is applied on standard labor hours.

Round your intermediate calculations and final answer to the nearest cent.

The direct materials price variance is