Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.5 ounces $ 3.00 per ounce $ 19.50 Direct labor 0.5 hours $ 10.00 per hour $ 5.00 Variable overhead 0.5 hours $ 3.00 per hour $ 1.50 The company reported the following results concerning this product in February. Originally budgeted output 5,600 units Actual output 5,200 units Raw materials used in production 31,100 ounces Actual direct labor-hours 2,010 hours Purchases of raw materials 33,500 ounces Actual price of raw materials $ 122.90 per ounce Actual direct labor rate $ 132.40 per hour Actual variable overhead rate $ 2.10 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 rate variance for February is: