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Problem 2 The following information is available for the month of March for the Vatt Manufacturing Company Standard: Material: 2 pounds per unit @ $5.80 per pound Labor. 3 direct labor hours per unit @ $10.00 per hour Actual: Material: purchased 4,250 pounds @ $5.50 per pound Used 4,000 pounds Labor: 6,300 direct labor hours at $10.25 per hour During March, Vatt produced 2,100 units. Compute all costs & variances for DM & DL