The following materials standards have been established for a particular product: Standard quantity per unit of output 6.0pounds Standard price$14.

The following materials standards have been established for a particular product:

Standard quantity per unit of output                     6.0         pounds

Standard price  $             14.80    per pound

The following data pertain to operations concerning the product for the last month:

Actual materials purchased                                      7,200    pounds

Actual cost of materials purchased                         $64,480                

Actual materials used in production                       6,700    pounds

Actual output                                                                 860        units

The direct materials purchases variance is computed when the materials are purchased.

What is the materials quantity variance for the month?