Majer Corporation makes a product with the following standard costs: Standard Standard Quantity Standard Price or Cost Per Unit Direct materials Direct labor Variable overhead or Hours 6.4 ounces 0.4 hours 0.4 hours Rate $ 3.00 per ounce $13.00 per hour $ 5.00 per hour $19.20 $ 5.20 $2.00 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 4,800 units 4,900 units 30, 230 ounces 1,910 hours 32,600 ounces $2.90 per ounce $ 12.40 per hour $ 4.98 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