Washington WaterWorks manufactures snorkel gear. During the past month, Washington purchased 4,070 pounds of plastic to use in its dive masks, at a cost of $6,232. The standard price for the plastic is $1.458 per pound. The company actually used 3,980 pounds of the plastic to produce 16,000 dive masks.
Calculate Washington's direct materials price variance for the month. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) (favorable, or unfavorable)