Milar Corporation makes a product with the following standard costs: In January the company produced 5,000 units using 10,340 pounds of the direct material and 2,320 direct labor-hours. During the month, the company purchased 10,910 pounds of the direct material at a cost of $76.790. The actual direct labor cost was $38,244 and the octual variable overhead cost was $11945 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 January is