17 00:12:37 Majer Corporation makes a product with the following standard costs. Direct materials Direct labor Variable overhead Standard Quantity or Hours 3.0 ounces 0.8 hours 0.8 hours Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate The company reported the following results concerning this product in February Standard Price or 10,800 units 10,600 units The materials price variance for February is: Rate $11.50 per ounce $17.50 per hour $ 10.00 per hour 31,320 ounces 8,680 hours 32,920 ounces $11.25 per ounce $18.00 per hour $ 9.50 per hour Standard Cost Per Unit $34.50 $14.00 $ 8.00 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased

Majer Corporation makes o product with the following standward costs The comperf reported the foldewieg resuls concerning thes ptoduct in fictruach The mateilah price variance for febriary a