Majer Corporation makes a product with the following standard costs: Standard Standard Price or Cost Per Standard Quantity Direct materials Direct labor Variable overhead 6.5 ounces 0.7 hours 0.7 hours Rate $ 3.00 per ounce 12.00 per hour Unit $19.50 $ 8.40 2.80 $4.00 per hour The company reported the following results concening this product in February. Originally budgeted output Actual output Raw naterials 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 31,200 ounces $ 32.90 per ounce 42.40 per hour $ 3.30 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: Multiplo Choico $1,394 F $1,394 U $1,344 U $1,344 P