Question

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: Standard Quantity Standard Price or Rate Standard Cost Direct materials 1.5 pounds $ 6.00 per pound $ 9.00 Direct labor 0.6 hours $ 18.00 per hour $ 10.80 Variable manufacturing overhead 0.6 hours $ 4.25 per hour $ 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 $17,380 U $7,080 U $17,380 F $7,080 F

Answer 1

That's a lot of words, isn't it young child? anyways, i don't know the answer, but i wish you a merry early christmas, and please don't catch the coronavirus :)