Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.5 ounces $ 3.00 per ounce $ 19.50 Direct labor 0.1 hours $ 12.00 per hour $ 1.20 Variable overhead 0.1 hours $ 3.00 per hour $ 0.30 The company reported the following results concerning this product in February. Originally budgeted output 5,100 units Actual output 5,200 units Raw materials used in production 30,200 ounces Actual direct labor-hours 1,940 hours Purchases of raw materials 32,600 ounces Actual price of raw materials $ 32.90 per ounce Actual direct labor rate $ 42.40 per hour Actual variable overhead rate $ 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 materials quantity variance for February is: