Bulluck Corporation makes a product with the following standard costs:

Standard Quantity or Hours Standard Price or Rate

Direct materials $3\mathrm{.}5$ grams $ $1\mathrm{.}00$ per gram

Direct labor $0\mathrm{.}7$ hours $ $11\mathrm{.}00$ per hour

Variable overhead $0\mathrm{.}7$ hours $ $2\mathrm{.}00$ per hour

The company reported the following results concerning this product in July.

Actual output $3,000$ units

Raw materials used in production $11,370$ grams

Actual direct labor$-$hours $1,910$ hours

Purchases of raw materials $12,100$ grams

Actual price of raw materials purchased $ $1\mathrm{.}20$ per gram

Actual direct labor rate $ $11\mathrm{.}40$ per hour

Actual variable overhead rate $ $2\mathrm{.}10$ per hour

The company applies variable overhead on the basis of direct labor$-$hours. The direct materials purchases variance is computed when the materials are purchased.

The materials price variance for July is: