Miguez Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Standard Cost Rate Per Unit Direct materials Direct labor Variable overhead Hours 2.3 liters $ 7.09 per liter $16.18 0.7 hours 22.ee per hour 15.48 0.7 hours 2.00 per hour 1.46 The company budgeted for production of 2,600 units in September, but actual production was 2.500 units. The company used 5.440 liters of direct material and 1,680 direct labor-hours to produce this output. The company purchased 5,800 liters of the direct material at $7.20 per liter. The actual direct labor rate was $2410 per hour and the actual variable overhead rate was $1.90 per hour The company applies variable overhead on the basis of direct labor hours. The direct materials purchases varliance is computed when the materials are purcased The materials price varlance for September is