Majer Corporation makes a product with the following standard costs:

	Standard Quantity or Hours			Standard Price or Rate			Standard Cost Per Unit
Direct materials		3.0	ounces	$	7.50	per ounce	$	22.50
Direct labor		0.6	hours	$	13.50	per hour	$	8.10
Variable overhead		0.6	hours	$	6.00	per hour	$	3.60

The company reported the following results concerning this product in February.

Originally budgeted output		7,600	units
Actual output		7,400	units
Raw materials used in production		22,040	ounces
Actual direct labor-hours		4,640	hours
Purchases of raw materials		23,640	ounces
Actual price of raw materials	$	7.25	per ounce
Actual direct labor rate	$	12.10	per hour
Actual variable overhead rate	$	5.10	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 price variance for February is: