Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct laborhours and its standard cost card per unit is as follows:

Direct material: pounds at $                          per pound $

Direct labor: hours at $                               per hour

Variable overhead:                                       hours at $                                  per hour

Total standard variable cost per unit       $

The company also established the following cost formulas for its selling expenses:

Fixed Cost per Month Variable Cost per Unit Sold

Advertising                                                  $

Sales salaries and commissions              $                                             $

Shipping expenses                                    $

The planning budget for March was based on producing and selling units. However, during March the company actually produced and sold units and incurred the following costs:

Purchased pounds of raw materials at a cost of $ per pound. All of this material was used in production.

Directlaborers worked hours at a rate of $ per hour.

Total variable manufacturing overhead for the month was $

Total advertising, sales salaries and commissions, and shipping expenses were $ $ and $ respectively.

What is the materials price variance for March?