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:

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

The company produced $2,400$ units during the month.

A total of $19,400$ pounds of material were purchased at a cost of $$13,580.$

There was no beginning inventory of materials on hand to start the month; at the end of the month, $3,620$ pounds of material

remained in the warehouse.

During March, $1,090$ direct labor$-$hours were worked at a rate of $$30\mathrm{.}50$ per hour.

Variable manufacturing overhead costs during March totaled $$14,061.$

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

The materials price variance for March is: