Doogan Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 2.0 grams 1.0 hours 1.0 hours Standard Price or Rate $ 7.00 per gram $14.00 per hour $ 6.00 per hour The company produced 4,700 units in January using 10,280 grams of direct material and 2,260 direct labor hours. During the month, the company purchased 10,850 grams of the direct material at $7.30 per gram. The actual direct labor rate was $14.55 per hour and the actual variable overhead rate was $5.80 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