Answer choices a-620F b-27280F c-27280U d-620 U Puvo,...
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Accounting
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a-620F
b-27280F
c-27280U
d-620 U
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 0.5 hours 0.5 hours Standard Price Standard or Rate Cost $ 7.75 per pound $15.50 $25.00 per hour $12.50 $ 5.00 per hour $ 3.00 During March, the following activity was recorded by the company . The company produced 6.800 units during the month. . A total of 17200 pounds of material were purchased at a cost of $47,880. There was no beginning inventory of materials on hand to start the month at the end of the month, 3.420 pounds of material remained in the warehouse . During March, 3.600 direct labor hours were worked at a rate of $25 50 per hout Variable manufacturing overhead costs during March totaled $11000 The direct materials purchases variance is computed when the materials are purchased The material quantity variance for Marchi
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