Skating Ltd. makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 2.0 ounces 0.6 hours 0.6 hours Standard Price or Rate Standard Cost Per Unit $ 12.00 $ 6.00 per ounce $ 12.00 per hour $ 4.50 per hour $ 7.20 $ 2.70 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 6,400 units 6,200 units 9,600 ounces 3,920 hours 11,200 ounces $ 5.75 per ounce Actual price of raw materials Actual direct labor rate Actual variable overhead rate $ 11.20 per hour $ 4.20 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 price variance for February is: Multiple Choice $19,200 U $19,200 F $2,800 F $2,800 U