TNT Corporation has the following data related to direct materials costs for December: actual costs for 6,000 pounds of material, $4.50 And standard costs for 4,800 pounds of material at $5.20 per pound.

What is the direct materials price variance?

Please write-in your number followed by Favorable or Unfavorable. (Make sure Favorable/Unfacorable is capitalized) Example $5,000 Unfavorable

(Each answer should have possibilities for answers entered with or without dollar signs and commas. Thus the correct answer for a problem could be $100,000 100,000 100000 $10000)

In order to earn credit for your answers to the problems, you are required to show all supporting work.