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Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.6

Majer Corporation makes a product with the following standard costs:

Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit
Direct materials 6.6 ounces $ 2.00 per ounce $ 13.20
Direct labor 0.6 hours $ 17.00 per hour $ 10.20
Variable overhead 0.6 hours $ 2.00 per hour $ 1.20

The company reported the following results concerning this product in February.

Originally budgeted output 5,600 units
Actual output 5,200 units
Raw materials used in production 30,700 ounces
Actual direct labor-hours 7,950 hours
Purchases of raw materials 33,100 ounces
Actual price of raw materials $ 82.90 per ounce
Actual direct labor rate $ 92.40 per hour
Actual variable overhead rate $ 4.70 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 quantity variance for February is:

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