Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 6.40ounces Direct mate als Standard Price or Rate 2.00per ounce Standard Cost Per Unit 12.80 Direct labe 0.2hours 11.00per hour 2.2 4.00per hour 0.80 Variable o erhead 0.2hours The com any reported the following results concerning this product in February Original budgeted output 5000 units Actual otput 5100 units Raw ma erials used in production 30,100 ounces Actual direct labor-hours 1930 hours Actual price of raw materials Actual direct labor rate Actual variable verhead rate The materials q uity variance for February is: 22.90 per ounce 32.40 per hour 4.10 per hour 55017 F $5017 55080 F $5080