Puvo, Incorporated, manufactures a single product in which variable manufacturing overhead is assigned on the...
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Puvo, Incorporated, manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct laborhours. The company uses a standard cost system and has established the following standards for one unit of product: During March, the following activity was recorded by the company: - The company produced 4,400 units during the month. - A total of 12,300 pounds of material were purchased at a cost of $34,440. - There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,460 pounds of material remained in the warehouse. - During Morch, 2,400 direct labor-hours were worked at a rate of $13.50 per hour. - Variable manufacturing overhead costs during March totaled \$3,800. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for March is: The materials quantity variance for March is: Multiple Choice $4,940F $18,640F $18,640 U $4,940U
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