Majer Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.6 ounces 0.6 hours 0.6 hours Standard Price or Rate $ 2.00 per ounce $ 17.00 per hour $ 2.00 per hour Standard Cost Por Unit $13.20 $10.20 $ 1.20 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 5,600 units 8,400 units 30,700 ounces 1,970 hours 33,100 ounces $ 82.90 per ounce S 92.40 per hour $ 1.80 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 variable overhead rate variance for February is