Majer Corporation makes a product with the following standard costs: standard ouantity or Hours standard Pri ice or Standard cost Per Unit Direct materials Direct labor Variable overhead 6.5 ounces 1.1 hours 1.1 hours $2.00 per ounce s 15.00 per hour $ 2.00 per hour 13.00 16.50 2.20 The company reported the following results concerning this product in February 4,300 units 5/ 600 units originally budgeted output Actual output 30, 900 ounces Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct Jabor tate Actual variable overhead rate 2, 140 hours 33,200 ounces s 127.10 per ounce s 117.60 per hour $1.80 per hour company applies variable overnead on the basits of direct labor-hours The direct materials purchases variance is com The variable overhead rate variance for February is