Majer Corporation makes a product with the following standard costs: Standard Cost Per Standard Quantity or Hours Standard Price or Rate $ 4.00 per ounce $ 17.00 per hour $ 4.00 per hour Unit Direct materials Direct labor Variable overhead 6.2 ounces 0.5 hours 0.5 hours $24.80 8.50 $ 2.00 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 4,900 units 5,000 units 30,200 ounces 2,080 hours 32,600 ounces $ 67.10 per ounce $ 57.60 per hour $ 5.80 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 efficiency variance for February is: Multiple Choice $1,680 U $1,675 F $1,680 F $1,675 U