Milar Corporation makes a product with the following standard costs:

Input Standard Quantity or Hours Standard Price or Rate
Direct materials 7.7 pounds $ 4.00 per pound
Direct labor 0.1 hours $ 20.00 per hour
Variable overhead 0.1 hours $ 4.00 per hour

In January the company produced 4,700 units using 10,280 pounds of the direct material and 2,260 direct labor-hours. During the month, the company purchased 10,850 pounds of the direct material at a cost of $76,730. The actual direct labor cost was $38,238 and the actual variable overhead cost was $11,939.

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for January is: