Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:

Direct material: 5 pounds at $10.00 per pound	$	50.00
Direct labor: 3 hours at $17 per hour		51.00
Variable overhead: 3 hours at $7 per hour		21.00
Total standard variable cost per unit	$	122.00

The company also established the following cost formulas for its selling expenses:

	Fixed Cost per Month				Variable Cost per Unit Sold
Advertising	$	330,000
Sales salaries and commissions	$	360,000			$	25.00
Shipping expenses					$	16.00

The planning budget for March was based on producing and selling 24,000 units. However, during March the company actually produced and sold 30,600 units and incurred the following costs:

1. Purchased 170,000 pounds of raw materials at a cost of $9.00 per pound. All of this material was used in production.

2. Direct-laborers worked 68,000 hours at a rate of $18.00 per hour.

3. Total variable manufacturing overhead for the month was $512,040.

4. Total advertising, sales salaries and commissions, and shipping expenses were $340,000, $520,000, and $245,000, respectively.

2. What is the materials quantity variance for March?