Smyer Corporation makes a product with the following standard costs:

Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.3 pounds $9.00 per pound $47.70 Direct labor 1.2 hours $34.00 per hour $ 40.80 Variable overhead 1.2 hours $ 7.00 per hour $ 8.40

The company reported the following results concerning this product in July.

Originally budgeted output 5,100 units Actual output 4,970 units Raw materials used in production 28,620 pounds Actual direct labor-hours 5,970 hours Purchases of raw materials 31,010 pounds Actual price of raw materials $9.14 per pound Actual direct labor rate $35.50 per hour Actual variable overhead rate $6.60 per hour

The materials price variance is recognized when materials are purchased. Variable overhead is applied on the basis of direct labor-hours. (Round your answer to the nearest whole dollar amount.)

Required:

a. Compute the materials quantity variance.