Waterway WaterWorks manufactures snorkel gear. During the past month, Washington purchased $2,800$ pounds of plastic to use in its dive masks, at a cost of $$5,600.$ The standard price for the plastic is $$1\mathrm{.}60$ per pound. The company actually used $2,700$ pounds of the plastic to produce $12,000$ dive masks.

Calculate Waterway's direct materials price variance for the month. $($Round internediate calculations to $5$ decimal places, es$.1\mathrm{.}24638$ and final answer to $0$ decimal places, eg$.5,275,$

Direct material price variance $ $$

$$

Favorable

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Unfavorable

Neither Favorable nor Unfavorable