The following materials standards have been established for a particular product:

Standard quantity per unit of output.. 0.1 pounds

Standard price $18.20 per pound

The following data pertain to operations concerning the product for the last month:

Actual materials purchased 5,700 pounds

Actual cost of materials purchased $100,320

Actual materials used in production.. 5,600 pounds

Actual output. 55,800 units

What is the materials price variance for the month?