Majer Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead Standard Quantity or Hours 2.@ ounces 0.6 hours 0.6 hours Standard Price or Rate $ 6.00 per ounce $ 12.00 per hour $ 4.50 per hour Standard Cost Per Unit 12.00 7.20 2.70 The company reported the following results concerning this product in February 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 6,400 units 6,200 units 9,600 ounces 3,920 hours 11,288 ounces $ 5.75 per ounce $11.20 per hour $ 4.20 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 price variance for February is: Multiple Choice 0 O $19.200 U 0 $19.200 F 0 $2,800F 0 $2.800 U