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

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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 6.4 ounces $ 2.00 per ounce $ 12.80
Direct labor 0.7 hours $ 15.00 per hour $ 9.90
Variable overhead 0.7 hours $ 2.00 per hour $ 1.32
The company reported the following results concerning this product in February.
Originally budgeted output 5,100 units
Actual output 6,000 units
Raw materials used in production 33,400 ounces
Actual direct labor-hours 2,060 hours
Purchases of raw materials 35,800 ounces
Actual price of raw materials $ 47.10 per ounce
Actual direct labor rate $ 37.60 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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