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 labor Direct materials Variable manufacturing overhead Standard Quantity 2.0 pounds 0.6 hours 0.6 hours During March, the following activity was recorded by the company: Standard Price or Rate $ 5.50 per pound $ 16.00 per hour $ 3.75 per hour Standard Cost $ 11.00 $ 9.60 $ 2.25 The company produced 5,000 units during the month. A total of 13,500 pounds of material were purchased at a cost of $37,800. There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,700 pounds of material remained in the warehouse. . During March, 3,200 direct labor-hours were worked at a rate of $16.50 per hour. Variable manufacturing overhead costs during March totaled $7,400. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for March is: