a. $4,701 F

b. $5,046 U

c. $5,046 F

d. $4,701 U

Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Direct materials Direct labor Variable manufacturing overhead Standard Quantity 5.90 pounds 0.50 hours 0.50 hours Standard Price or Rate $ 0.70 per pound $34.50 per hour $ 8.60 per hour Standard Cost $ 4.13 $ 17.25 $ 4.30 During March, the following activity was recorded by the company: The company produced 2,500 units during the month. A total of 19,500 pounds of material were purchased at a cost of $13,680. There was no beginning inventory of materials on hand to start the month; at the end of the month, 3,720 pounds of material remained in the warehouse. . During March, 1,100 direct labor-hours were worked at a rate of $31.50 per hour. Variable manufacturing overhead costs during March totaled $14,161. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for March is