Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 6.2 ounces 0.6 hours 0.6 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $31.00 $ 6.60 $ 3.00 Standard Price or Rate $ 5.00 per ounce $ 11.00 per hour $ 5.00 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 5,500 units 5,600 units 33,000 ounces 2,020 hours 35,400 ounces $ 7.10 per ounce $ 2.40 per hour $ 4.10 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 rate variance for February is