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Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.4

Majer Corporation makes a product with the following standard costs:

Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit
Direct materials 6.4 ounces $ 3.00 per ounce $ 19.20
Direct labor 0.6 hours $ 16.00 per hour $ 9.60
Variable overhead 0.6 hours $ 3.00 per hour $ 1.80

The company reported the following results concerning this product in February.

Originally budgeted output 4,400 units
Actual output 5,500 units
Raw materials used in production 30,700 ounces
Actual direct labor-hours 1,790 hours
Purchases of raw materials 29,300 ounces
Actual price of raw materials $ 117.10 per ounce
Actual direct labor rate $ 107.60 per hour
Actual variable overhead rate $ 6.30 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:

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