Majer Corporation makes a product with the following standard costs:

	Standard Quantity or Hours		Standard Price or Rate		Standard Cost Per Unit
Direct materials	2.0	ounces	$ 11.00	per ounce	$ 22.00
Direct labor	0.7	hours	$ 17.00	per hour	$ 11.90
Variable overhead	0.7	hours	$ 9.50	per hour	$ 6.65

The company reported the following results concerning this product in February.

Originally budgeted output	10,400	units
Actual output	10,200	units
Raw materials used in production	15,600	ounces
Actual direct labor-hours	7,340	hours
Purchases of raw materials	17,200	ounces
Actual price of raw materials	$ 10.75	per ounce
Actual direct labor rate	$ 15.90	per hour
Actual variable overhead rate	$ 8.15	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: