Gipple Corporation makes a product that uses a material with the

quantity standard of $8\mathrm{.}8$ grams per unit of output and the price

standard of $$7\mathrm{.}50$ per gram. In January the company produced $4,900$

units using $26,370$ grams of the direct material. During the month

the company purchased $28,900$ grams of the direct material at $$7\mathrm{.}70$

per gram. The direct materials purchases variance is computed when

the materials are purchased.$$The materials price variance for January is: