TB MC Qu. 10-150 Majer Corporation makes a product with.. Majer Corporation makes a product with the following standard costs: Standard Standard Quantity Standard Price or Cost Per or Hours Rate Unit Direct materials 6.7 ounces 2.00 per ounce $13.40 Direct labor 0.5 hours $ 14.00 per hour $ 7.00 $ 1.00 Variable overhead 0.5 hours $ 2.00 per hour The company reported the following results concerning this product in February. Originally budgeted output Actual output 5,300 units 4,900 units 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 30,400 ounces 7,920 hours 32,800 ounces $ 52.90 per ounce $ 62.40 per hour $ 4.40 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed wh The materials quantity variance for February is