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: Direct materials Direct labor Variable manufacturing overhead Standard Quantity 1.5 pounds 0.5 hours 0.5 hours Standard Price or Standard Rate Cost $ 6.75 per pound $10.12 $21.00 per hour $10.50 $ 5.00 per hour $ 2.50 During March, the following activity was recorded by the company, The company produced 6,000 units during the month. A total of 12,500 pounds of material were purchased at a cost of $35,000 There was no beginning inventory of materials on hand to start the month, at the end of the month, 2,500 pounds of material remained in the warehouse . During March, 3.200 direct labor-hours were worked at a rate of $21.50 per hour Variable manufacturing overhead costs during March totaled $8.200 The direct materials purchases variance is computed when the materials are purchased The materials quantity variance for March is