The Porter Company has a standard cost system. In July, the company purchased and used 22,500 kilograms of direct material at an actual cost of $53,000, the materials quantity variance was $1,875 unfavourable, and the standard quantity of materials allowed for July production was 21,750 kilograms. What was the materials price variance for July?

	$2,725 favourable.
	$2,725 unfavourable.
	$3,250 favourable.
	$3,250 unfavourable.