Majer Corporation makes a product with the following standard costs: Standard Quantity or Standard Cost per Hours Standard Price or Rato Unit Direct materials 6.4 ounces $ 3.00 per ounce $ 19.20 Direct labor 0.4 hours $ 13.00 per hour $ 5.20 Variable overhead 0.4 hours $ 5.00 per hour $ 2.00 The company reported the following results concerning this product in February Originally budgeted output 4,800 units Actual output 4,900 units Raw materials used in production 30, 230 ounces Actual direct labor-hours 1.910 hours Purchases of raw materials 32,600 ounces Actual price of raw materiala $ 2.90 per ounce Actual direct labor rate $ 12.40 per hour Actual variable overhead rate $ 4.90 per hour The company applies variable overhead on the basis of direct lobor hours. The direct materials purchases variance is computed when the materials are purchased The labor efficiency variance for February