The standard cost card for a unit of Product AX at home goods shows the following standard cost information:

Materials: 4 gallons at $16 per gallon	$	64
Labor: 5 hours at $14 per hour		70
Overhead: 40% of direct labor		28
Total	$	162

During the month of October 20X1, Job O-3 was completed. It was the only job worked on during October. Four thousand Five hundred units were produced from the job. The actual costs were as shown below:

Materials: 17,800 gallons at $15.90 per gallon	$	283,020
Labor: 22,400 hours at $13.80 per hour		309,120
Actual overhead		123,648
Total	$	715,788

Required: Calculate the price variance for materials for the month. (Indicate the effect of the variance by selecting "Favorable", "Unfavorable", and "None" for no effect (i.e., zero variance).)