Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not "ideal" at this point, but the management is working toward that as a goal. At present, the company uses the following standards. Predetermined everhead rate based en direct labor hours - $344 The January figures for purchasing, production, and latior are: The compary purchased 235900 peundi of raw materials in sanuary at a cost of 78 a pound. Prodoction used 235,,900 pounds of raw materials to make 119,000 units in January. Direct labor spent 18 minutes on each product at a cost of 56.90 per hour. Owerhead costs for lamuary totaled $35,499 variable and $72,000 fowed. Answer the followins questions about standard costs. Your answer is partially correct. What is the materials price variance? (Round per unit colculations to 2 decimal places, eg. 1.25 and final answer to 0 decimal places, eg. 125.) Materials price yariance $