CH8,9,10 Help Save Puvine 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 Standard Price or standard Direct materials Direct labor Variable manufacturing overhead Standard Quantity 5.5 pounds 0.5 hours 0.5 hours S9.50 per pound $33.50 per hour $5.50 per hour $167 6.25 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 3620 pounds of material remained in the warehouse . During March 1090 derect labor hours were world art of 530-50 per hour Variabeaturing overhead co a ched $14051 The direct materials purchases variance computed when the materials are purchased The variable overhead efficiency variance for Morch is WERTYUP