Majer Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.5 ounces 0.7 hours 0.7 hours Standard Price or Rate $ 3.00 per ounce $ 12.00 per hour $ 4.00 per hour Standard Cost Per Unit $19.50 $ 8.40 $ 2.80 The company reported the following results concerning this product in February. Originally budgeted output 5, 100 units Actual output 5,200 units Raw materials used in production 30,200 ounces Actual direct labor-hours 1,920 hours Purchases of raw materials 32,600 ounces Actual price of raw materials $ 32.90 ounce Actual direct labor rate $ 42.40 per hour Actual variable overhead rate $ 3.30 per hour per 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: Multiple Choice $1,344 F $1,349 F $1,344 U $1,349 U