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Majer Corporation makes a product with the following standard costs: ...

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Accounting

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 $ 2.00 per ounce $ 13.00
Direct labor 1.1 hours $ 15.00 per hour $ 16.50
Variable overhead 1.1 hours $ 2.00 per hour $ 2.20

The company reported the following results concerning this product in February.

Originally budgeted output 4,300 units
Actual output 5,600 units
Raw materials used in production 30,800 ounces
Actual direct labor-hours 2,140 hours
Purchases of raw materials 33,200 ounces
Actual price of raw materials $ 127.10 per ounce
Actual direct labor rate $ 117.60 per hour
Actual variable overhead rate $ 1.80 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:

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