Your answer is partially correct. Concord Gold manufactures award medals. In August, Concord produced 5,300 medals, 300 more than expected. During the month, the company purchased 1,400 ounces of gold for $1,265,000. The standard price for the gold is $900 per ounce. The company actually used 1,300 ounces of gold for production. Calculate Concord's direct materials price variance for the month. (If variance is zero, select "Not Applicable" and enter O for the amounts.) $ Unfavorable Direct material price variance