Majer Corporation makes a product with the following standard costs Standard Standard Quantity or Hours Standard Price or Rate $ 2.00 per ounce $ 10.00 per hour 4.00 per hour Cost Per Unit Direct materials Direct labor Variable overhead 6.3 ounces 0.5 hours 0.5 hours $12.60 $ 5.00 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 4,900 units 5,000 units 30,000 ounces 1,900 hours 32,400 ounces $ 12.90 per ounce 22.40 per hour $ 3.10 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. he variable overhead rate variance for February is