pardoe inc manufactures a single production in which

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 During March, the following activity was recorded by the company; The company produced 5.400 units during the month. A total of 11, 500 pounds of material were purchased at a cost of $32, 480 There was no beginning inventory of materials on hand to start the month; at the end of the month. 2, 320 pounds of material remained In the warehouse. During March, 3, 440 direct labor-hours were worked at a rate of $18.50 per hour. Variable manufacturing overhead costs during March totaled $8, 972. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for March is: $7.080 F $17, 380 F $17, 380 U $7, 080 U