Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 6.2 ounces 0.3 hours 0.3 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $31.00 $ 3.30 $ 1.50 Standard Price or Rate $ 5.00 per ounce $ 11.00 per hour $ 5.00 per hour 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 5,500 units 5,600 units 33,000 ounces 1,900 hours 33,500 ounces $ 7.10 per ounce $ 2.40 per hour $ 5.20 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 quantity variance for February is