Gipple Corporation makes a product that uses a material with the quantity standard of 9.3 grams per unit of output and the price standard of $8.00 per gram. In January the company produced 5,400 units using 26,870 grams of the direct material. During the month the company purchased 29,400 grams of the direct material at $8.10 per gram. The direct materials purchases variance is computed when the materials are purchased.

The materials price variance for January is: