Moise Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Rate Standard Cost Per Unit Hours 15 Direct materials 6.4 ounces $3.00 per ounce $19.20 0.4 hours 0.4 hours $13.00 per hour $5.00 per hour $5.20 $2.00 Direct labor Variable overhead The company reported the following results concerning this product in February. Originally budgeted output Actual output Raw materials used Purchases of raw materials Actual direct labor-hours Actual price of raw materials Actual direct labor hour Actual variable overhead rate 4,800 units 4,900 units 30,230 ounces 32,600 ounces 1,910 hours $2.90 per ounce $12.40 per hour $4.90 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 materials quantity variance for February is: $3,390 U $3,390 F $3,277 F $3,277 U