Epley Corporation makes a product with the following standard costs: In July the company produced 3,420 units using 13,680 pounds of the direct material and 2,856 direct labor-hours. During the month, the company purchased 14,440 pounds of the direct material at a cost of $35,100. The actual direct labor cost was $88,125 and the actual variable overhead cost was $39,700. 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 labor rate variance for July is: Pardoe. Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: During March, the following activity was recorded by the company: The company produced 3,600 units during the month. A total of 8,900 pounds of material were purchased at a cost of $24,920. There was no beginning inventory of materials on hand to start the month, at the end of the month, 1,780 pounds of material remained in the warehouse. During March, 2,000 direct labor-hours were worked at a rate of $9.50 per hour. Variable manufacturing overhead costs during March totaled $2,200. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for March is