Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 6.4 ounces 0.4 hours 0.4 hours Direct materials Direct labor Variable overhead Standard Price or Rate $ 3.00 per ounce $ 13.00 per hour $ 5.00 per hour Standard Cost Per Unit $ 19.20 $ 5.20 $ 2.00 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 4,800 units 4,900 units 30,230 ounces 1,910 hours 32,600 ounces $ 2.90 per ounce $ 12.40 per hour $ 4.90 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 labor efficiency variance for February is: 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 labor efficiency variance for February is: Multiple Choice $650 U $650 F $620 F $620 U