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

Direct materials

Standard Quantity

Standard Price or Rate

Standard Cost

Direct labor

$2\mathrm{.}5$ pounds

$$5\mathrm{.}00$ per pound

$$12\mathrm{.}50$

Variable manufacturing overhead

$8\mathrm{.}6$ hours

$ $14\mathrm{.}00$ per hour

$ $8\mathrm{.}40$

$0\mathrm{.}6$ hours

$$3\mathrm{.}25$ per hour

$$1\mathrm{.}95$

During March, the following activity was recorded by the company

The company produced $4,600$ units during the morith

A total of $15,000$ pounds of material were purchased at a cost of $$42,000$

There was no beginning inventory of materials on hand to start the month, at the end of the month, $3\mathrm{.}000$ pounds of material remained in the warehouse

During March, $2$:$960$ direct labor hours were worked at a rate of $$14\mathrm{.}50$ per hour

Variable manufacturing overhead costs during March totaled $$5\mathrm{.}972$

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

The materials quantity variance for March is