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Information concerning Johnston Company's direct materials costs is as follows: Standard price per pound $ 7 . 0 5 Actual quantity purchased 3 , 0

Information concerning Johnston Company's direct materials costs is as follows:
Standard price per pound $ 7.05
Actual quantity purchased 3,050 pounds
Actual quantity used in production 2,950 pounds
Units of product manufactured 760
Materials purchase-price variancefavorable $ 915
Budget data for the period:
Units to manufacture 1,060
Units of direct materials 4,240 pounds
The direct materials usage variance for the period is:

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