Pardoe, 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:

	Standard Quantity	Standard Price or Rate	Standard Cost
Direct materials	2.0 pounds	$4.75 per pound	$9.50
Direct labor	0.5 hours	$13 per hour	$6.5
Variable manufacturing overhead	0.5 hours	$3.00 per hour	$1.50

During March, the following activity was recorded by the company: