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Uwo, incorporated, manufactures a single product in which variable manufacturing overhead is assigned on the...

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Accounting

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Uwo, incorporated, manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct Iabor-hours. Ine compory ases a standard cos ystem and hes established the followvig standards for one unit of product During March the following actinit was recorded by the comparry: - The compary produced 3,700 unas during the month - A total of 20,300 pounds of material were purchased at a cost of $14,480 - There was no begnning inventory of matenals on hand to start the month, at the end of the month, 4.520 pounds of material remained in the warehouse - During March, 1,580 drect labor-hours were worked at a rate of 33950 per hour - Vorbble manufocturing ovenhead costs durng March totaled $14.961 The ditect materab puchases vaniance k computed when the materials are purchased The varlable ovethead rate varaace for Macch Mocuple Ehouce. 1) ater

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