Puvo, inc., 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: standard quantity standard price or rate standard cost direct materials 2.0 pounds $ 7.75 per pound $ 15.50 direct labor 0.5 hours $ 25.00 per hour $ 12.50 variable manufacturing overhead 0.5 hours $ 6.00 per hour $ 3.00 during march, the following activity was recorded by the company: the company produced 6,800 units during the month. a total of 17,100 pounds of material were purchased at a cost of $47,880. there was no beginning inventory of materials on hand to start the month; at the end of the month, 3,420 pounds of material remained in the warehouse. during march, 3,600 direct labor-hours were worked at a rate of $25.50 per hour. variable manufacturing overhead costs during march totaled $11,000. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for march is: