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: