Your company produces a product that has a standard materials cost of three pounds of raw materials at $5.00 per pound. During November 2022,17,500 pounds of raw materials costing $5.50 per pound were used in making 6,000 units. Calculate the direct materials price variance. Note: If the variance is Unfavorable, type a minus sign "-" in front of your answer. For example: if variance is $1,000 Unfavorable, type "-1,000" (no spaces). Do not include any decimal places; do not include the $ sign