Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product:

	Standard Quantity			Standard Price or Rate			Standard Cost
Direct materials		2.0	pounds	$	6.25	per pound	$	12.50
Direct labor		0.5	hours	$	19.00	per hour	$	9.50
Variable manufacturing overhead		0.5	hours	$	4.50	per hour	$	2.25

During March, the following activity was recorded by the company:

• The company produced 5,600 units during the month.
• A total of 14,700 pounds of material were purchased at a cost of $41,160.
• There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,940 pounds of material remained in the warehouse.
• During March, 3,000 direct labor-hours were worked at a rate of $19.50 per hour.
• Variable manufacturing overhead costs during March totaled $6,950.

The direct materials purchases variance is computed when the materials are purchased.

The materials quantity variance for March is: