Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 6.5 ounces 0.5 hours 0.5 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $26.00 $ 8.00 $ 2.00 Standard Price or Rate $ 4.00 per ounce $ 16.00 per hour $ 4.00 per hour 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 5,500 units 8,300 units 30, 600 ounces 1,960 hours 33,000 ounces $ 72.90 per ounce $ 82.40 per hour $ 3.20 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: Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 6.5 ounces 0.7 hours 0.7 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $19.50 $ 8.40 $ 2.10 Standard Price or Rate $ 3.00 per ounce $ 12.00 per hour $ 3.00 per hour 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 5,100 units 5,200 units 30, 200 ounces 1,920 hours 32,600 ounces $ 32.90 per ounce $ 42.40 per hour $ 4.20 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 efficiency variance for February is: Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 3.0 ounces 0.7 hours 0.7 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $37.50 $12.95 $ 7.70 Standard Price or Rate $ 12.50 per ounce $ 18.50 per hour $ 11.00 per hour 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 11,600 units 11,400 units 33,640 ounces 8,180 hours 35, 240 ounces $ 12.25 per ounce $ 16.95 per hour $ 9.20 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