TB MC Qu. 10-154 (Algo) Majer Corporation makes a product with... Majer Corporation makes a product with the following standard costs: Direct labor Direct materials Variable overhead Standard Quantity or Hours 6.6 ounces 0.5 hours 0.5 hours Standard Price or Rate $4.00 per ounce Standard Cost Per Unit $ 26.40 $ 6.50 $ 13.00 per hour $ 4.00 per hour $ 2.00 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: 5,200 units 8,000 units 30,300 ounces 1,930 hours 31,300 ounces $ 42.90 per ounce $ 52.40 per hour $ 4.30 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 $8.280 F $8.280 U $8.230 F $8,230 U