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 2.5 pounds 0.6 hours 0.6 hours Standard Price or Standard Rate Cost $ 8.00 per pound $20.00 $26.00 per hour $15.60 $ 6.25 per hour $ 3.75 During March, the following activity was recorded by the company The company produced 7,000 units during the month. A total of 22,000 pounds of material were purchased at a cost of $61,600 There was no beginning inventory of materials on hand to start the month; at the end of the month, 4.400 pounds of material remained in the warehouse. . During March, 4.400 direct labor-hours were worked at a rate of $26.50 per hour. Variable manufacturing overhead costs during March totaled $16.700 The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for March is: Multiple Choice Variable manufacturing overhead costs during March totated $16,700. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for March is: Multiple Choice $800 F $35,100 F $35,100 U $800 U