Plato Company began operations on Jun e 1, 2824. For its first month of operations, Plato Company establis hed the following standards for one unit of its single product standard quantity__ standard price direct materials 7 pounds $14 per pound direct labor 8 hours $18 per hour variable overhead 8 hours $11 per hour Plato Company reported the following information for June: 1. 7,888 pounds of direct materials w ere purchased at a total cost of $113,758. 2. 4,588 direct labor hours were work ed at a total cost of $75,688. 3. The variable overhead cost for the month totaled $52,958. 4. 648 units were produced. 5. At June 38, Plato Company had 3,28 8 pounds of direct materials on hand. Calculate the direct material price v ariance for June. If the variance is favorable, place a minus sign in front of your answer (i.e., 5888). If the variance is unf avorable, simply enter your answer as a number (i.e., 5888)