Majer Corporation makes a product with the following standard costs: Direct materials Standard Quantity or Hours 3.0 ounces Direct labor Variable overhead 0.6 hours 0.6 hours Standard Price or Rate $ 4.50 per ounce Standard Cost Per Unit $13.50 $ 6.30 $ 10.50 per hour $ 3.00 per hour $ 1.80 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 5,200 units 5,000 units 15,080 ounces 3,200 hours 16,680 ounces $ 4.25 per ounce $10.30 per hour $ 3.30 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 Micha