Majer Corporation makes a product with the following standard costs: 800-29:43 Standard Cost Per Unit $12.60 $10.80 $ 1.20 Standard Quantity or Hours 6.3 ounces 0.6 hours 0.6 hours Direct materials Direct labor Variable overhead Standard Price or Rate $ 2.00 per ounce $ 18.00 per hour $ 2.00 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 4,800 units 5,100 units 30,300 ounces 2,090 hours 32,700 ounces $ 77.10 per ounce $ 67.60 per hour $ 5.90 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 efficiency variance for February is: Multiple Choice $1,940 F $1.940E $1,935 U $1,935F $1,9400