Doogan Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 2.0 grams 0.4 hours 0.4 hours Standard Price or Rate $ 7.00 per gram $ 12.00 per hour $2.00 per hour The company produced 4,600 units in January using 10,100 grams of direct material and 2,080 direct labor-hours. During the month, the company purchased 10,670 grams of the direct material at $7.30 per gram. The actual direct labor rate was $12.65 per hour and the actual variable overhead rate was $1.80 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: