Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.2 ounces $ 3.00 per ounce $ 18.60 Direct labor 0.8 hours $ 13.00 per hour $ 10.40 Variable overhead 0.8 hours $ 3.00 per hour $ 2.40 The company reported the following results concerning this product in February. Originally budgeted output 5,300 units Actual output 5,800 units Raw materials used in production 33,200 ounces Actual direct labor-hours 2,040 hours Purchases of raw materials 33,700 ounces Actual price of raw materials $ 27.10 per ounce Actual direct labor rate $ 17.60 per hour Actual variable overhead rate $ 2.30 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 variable overhead rate variance for February is