Doogan Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 2.0 grams 0.7 hours 0.7 hours Standard Price or Rate $ 7.00 per gram $15.00 per hour $ 5.00 per hour The company produced 4,500 units in January using 10,130 grams of direct material and 2,110 direct labor-hours. During the month, the company purchased 10,700 grams of the direct material at $7.10 per gram. The actual direct labor rate was $15.50 per hour and the actual variable overhead rate was $5.00 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 quantity variance for January is: o $7,910 E o $8,023 U o 9 022 o s791o u