Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 6.6 ounces 0.6 hours 0.6 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $26.40 $ 7.80 $ 2.40 Standard Price or Rate $ 4.00 per ounce $ 13.00 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 5,200 units 4,800 units 30,300 ounces 7,910 hours 32,700 ounces $ 42.90 per ounce $ 52.40 per hour $ 4.30 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 materials quantity variance for February is: Multiple Choice o $5,520 o $5,520 U o $5,457U o $5,457 F