Doogan Corporation makes a product with the following standard costs Standard Price or Standard Quantity or Hours 2.0 grams 1.7 hours 1.7 hours Direct materials Direct labor Variable overhead $ 7.00 per gram $13.00 per hour $ 7.00 per hour The company produced 4,700 units in January using 10,350 grams of direct material and 2,330 direct labor hours. During the month, the company purchased 10,920 grams of the direct material at $2.35 per gram. The actual direct labor rate was $13.90 per hour and the actual variable overhead rate! was $6.70 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