Given answer options,

15760 Favorable

15760 Unfavorable

7140 Favorable

7140 Unfavorable

Puvo, Incorporated, 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 Standard Price or Rate 1.5 pounds $ 5.25 per pound 0.5 hours $ 15.00 per hour 0.5 hours $ 3.50 per hour Standard Cost $ 7.88 $ 7.50 $ 1.75 During March, the following activity was recorded by the company: The company produced 4,800 units during the month. A total of 10,700 pounds of material were purchased at a cost of $29,960. There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,140 pounds of material remained in the warehouse. During March, 2,600 direct labor-hours were worked at a rate of $15.50 per hour. Variable manufacturing overhead costs during March totaled $4,750. . The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for March is