TB MC Qu. 10-157 (Static) Puvo, Incorporated, manufactures a single product in which .. Puvo, Incorporated, manufactures a single product in which varinble manufocturing overhead is assigned on the basis of standard direct lobor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard Quantity Direct materiais 5.8 pounds Direct labor 0.5 hours Variable manufacturing overhead 0.5 hours During March the following activity was recorded by the company Standard Price or Rate $ 0.60 per pound $ 33.50 per hour $8.50 per hour Standard Cont $ 3.48 $16.75 $.4.25 The company produced 2,400 units during the month. A total of 19,400 pounds of material were purchased at a cost of $13.580, There was no beginning invertory of materials on hand to start the month, at the end of the moritt, 3,620 pounds of material remained in the warehouse . During March, 1.090 direct inbor hours were worked at a rate of $30.50 per hout, Variable manufacturing overhead costs during March totaled $14,061 The direct materials purchases variance is computed when the materials are purchased The materials cuantity variance for March is