Puvo, Incorporated, 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	1.5	pounds	$ 5.25	per pound	$ 7.88
Direct labor	0.5	hours	$ 15.00	per hour	$ 7.50
Variable manufacturing overhead	0.5	hours	$ 3.50	per hour	$ 1.75

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

The company produced 4,800 units during the month.

A total of 10,700 pounds of material were purchased at a cost of $29,960.

There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,140 pounds of material remained in the warehouse.

During March, 2,600 direct labor-hours were worked at a rate of $15.50 per hour.

Variable manufacturing overhead costs during March totaled $4,750.

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

The materials quantity variance for March is: