TB MC Qu. 10-160 (Algo) Puvo, Incorporated, manufactures a single product in which ... following standards for one unit of product: During March, the following activity was recorded by the company: - The company produced 2,700 units during the month. - A total of 19,700 pounds of material were purchased at a cost of $13,880. - There was no beginning inventory of materials on hand to start the month; at the end of the month, 3,920 pounds of material remained in the warehouse. - During March, 1,120 direct labor-hours were worked at a rate of $33.50 per hour. - Variable manufacturing overhead costs during March totaled $14,361. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for March is: Multiple Choice $4,505F