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17 TB MC Qu. 10-157 (Static) Puvo. Incorporated, manufactures a single product in which ... 0246-59 Puvo. Incorporated, manutactures a single product in which variable

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17 TB MC Qu. 10-157 (Static) Puvo. Incorporated, manufactures a single product in which ... 0246-59 Puvo. Incorporated, manutactures a single product in which variable manufacturing overhead is assigned on the basis of standard de lo uses a standard cost system and has established the following standards for one unit of product Standard Quantity Standard Price or Rate Standard Cost Direct materials 5.8 pounds $ 0.68 per pound $ 3.48 Direct labor 0.5 hours $ 33.50 per hour $15.75 Variable manufacturing overhead 2.5 hours $ 3.50 per hour During March, the following activity was recorded by the company: . The company produced 2.400 units during the month, A total of 19,400 pounds of material were purchased at a cost of $13.580 There was no beginning Inventory of materials on hand to start the month at the end of the month, 1,620 pounds of material remained in the During March, 1.090 direct labor-hours were worked at a rate of $30.50 per hour, Variable manufacturing overhead costs during March totaled $14,061. . The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for March is

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