Majer Corporation makes a product with the following standard costs: Standard Quantity or Standard Cost Hours Standard Price or Rate Per Unit Direct materials 3.0ounces $ 4.50 per ounce $ 13.50 Direct labor 0.6 hours $ 10.50 per hour $ 6.30 Variable overhead 0.6 hours $ 3.00 per hour $ 1.80 The company reported the following results concerning this product in February. Originally budgeted output 5,200 units Actual output 5,000 units Raw materials used in production 15,080 ounces Actual direct laborhours 3,200 hours Purchases of raw materials 16,680 ounces Actual price of raw materials $ 4.25 per ounce Actual direct labor rate $ 10.30 per hour Actual variable overhead rate $ 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