Doogan Corporation makes a product with the following standard costs:

Direct materials

Direct labor

Variable overhead

Standard

Quantity or

Hours

2.0 grams

1.6 hours

1.6 hours

Standard Price or Rate

$ 7.00 per gram

$ 12.00 per hour

$ 6.00 per hour

The company produced 5,000 units in January using 10,340 grams of direct material and 2,320 direct labor-hours. During the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. The actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour.

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: