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	$	7.00	per pound	$	14.00
Direct labor		0.6	hours	$	22.00	per hour	$	13.20
Variable manufacturing overhead		0.6	hours	$	5.25	per hour	$	3.15

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

The company produced 6,200 units during the month.

A total of 15,900 pounds of material were purchased at a cost of $44,520.

There was no beginning inventory of materials on hand to start the month; at the end of the month, 3,180 pounds of material remained in the warehouse.

During March, 3,920 direct labor-hours were worked at a rate of $22.50 per hour.

Variable manufacturing overhead costs during March totaled $12,548.

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

The materials quantity variance for March is: