Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 7.4grams $ 2.00 per gram Direct labor 0.5hours $ 20.00 per Whour Variable overhead 0.5hours $ 7.00 per "hour The company produced 5.200 units in January using 39,310 grams of direct material and 2,380 direct labor hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was 56.80 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 price variance for January is: 0 $11,544 U O $11,544 $13,320 $13,320 F