Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead 8,400 MHs 8,600 MHS $ 7.10 per MH $58,650 What was the variable overhead rate variance for the month? Multiple Choice $1,427 Favorable $990 Favorable $1,420 Unfavorable $2,410 Favorable 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 1.5 pounds 0.6 hours 0.6 hours Standard Price or Rate $ 6.00 per pound $18.00 per hour $ 4.25 per hour Standard Cost $ 9.00 $ 10.80 $ 2.55 During March, the following activity was recorded by the company: . The company produced 5,400 units during the month. A total of 11,600 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: Multiple Choice $7,080 F $17,380 F $17,380 V $7,080 U