Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Direct materials 6.2 ounces $ 4.00 per ounce Direct labor 0.7 hours Variable overhead 0.7 hours 5 4.00 per hour Standard Price or Rate 5 17.00 per hour Standard Cost Per Unit $24.80 $11.99 $ 2.80 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 4,900 units 5,000 units 30,200 ounces 1,840 hours 32,600 ounces .5 67.10 per ounce $ 57.60 per hour $ 5.80 per hour The company applies variable overhead on the basis of direct laborahours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for February is: