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please show work im studying! Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours
please show work im studying! Puvo, 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 Direct materials Direct labor Variable manufacturing overhead Standard Quantity 2.0 pounds 0.6 hours @.6 hours Standard Price or Standard Rate Cost $ 4.00 per pound $8.00 $10.00 per hour $6.00 $ 2.25 per hour $ 1.35 During March the following activity was recorded by the company The company produced 3,800 units during the month. A total of 11,100 pounds of material wore purchased at a cost of $31080 There was no beginning inventory of materials on hand to start the month at the end of the month, 2.220 pounds of material remained in the warehouse During March 2,480 direct labor hours were worked at a rate or $10.50 per hour Vanable manufacturing overhead costs during March totaled $3,548 The direct materials purchases variance is computed when the materials are purchased The materials quantity variance for March is
please show work im studying!
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