5 TB MC Qu. 10-156 (Static) Puvo, Incorporated, manufactures a single product in which Puvo, incorporated, manufactures a single product in which variable manufacturing overhead is assigned on the trans of standard ed noon. The uses a standard cost system and has established the following standards for one unit of product 2.52 Direct materials Direct labor Variable manufacturing overhead Standard Quantity 5.8 pounds 0.5 hours 0.5 hours Standard Cont Standard Price or late $ 0.60 per pound $ 33.5e per hour $ 3.50 per hour During March the following activity was recorded by the company 15.75 $5.25 The company produced 2400 units during the month, A total of 19,400 pounds of material were purchased at a cost of $12580 There was no beginning inventory of materials on hand to start the months at the end of the month, 2620 pounds of materialen in the house During March, 1090 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 price variance for March is