Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 6.2 ounces 0.7 hours 0.7 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $24.80 $11.90 $ 2.80 Standard Price or Rate $ 4.00 per ounce $ 17.00 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 4,900 units 5,000 units 30,200 ounces 1,840 hours 34,100 ounces $ 67.10 per ounce $ 57.60 per hour $ 5.80 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: The materials quantity variance for February is: Multiple Choice $3,200 F $3,137 F $3,200 U $3,137 U Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Direct materials Direct labor Variable manufacturing overhead Standard Quantity 2.0 pounds 0.5 hours 0.5 hours Standard Price or Rate $ 6.25 per pound $19.00 per hour $ 4.50 per hour Standard Cost $ 12.50 $ 9.50 $ 2.25 During March, the following activity was recorded by the company: The company produced 5,600 units during the month. A total of 14,700 pounds of material were purchased at a cost of $41,160. There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,940 pounds of material remained in the warehouse. During March, 3,000 direct labor-hours were worked at a rate of $19.50 per hour. Variable manufacturing overhead costs during March totaled $6,950. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for March is: Multiple Choice $3,500 F O $22,960 F $22,960 U O $3,500 U