Miguez Corporation makes a product with the following standard costs Standard Quantity or Standard Price or Standard Cost Per Unit Rate Direct materials Direct labor Variable overhead Hours 2.3 liters 7.00 per liter $16.10 0.7 hours 22.00 per hour 0.7 hours2.00 per hour $15.40 $ 1.40 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 $24.10 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 variance is computed when the materials are purchased The materials price variance for September is