s:/lnewconneCtda Getting Started C 16) The E ntry To C. ACCOUNTING LO... all 2018 Help Save & Exlt Submit TB MC Qu. 10-160 Puvo, Inc., manufactures a single product in which... 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 Price or Sta Standard Quantity 7.10 pounds 0.50 hours 0.50 hours Rate Direct materials Direct labor Variable manufacturing overhead $90 per pound $46.50 per hour 9.80 per hour s: During March, the following activity was recorded by the company The company produced 3,700 units during the month. . A total of 20,700 pounds of material were purchased at a cost of $14.880. . There was no beginning inventory of materials-on hand to start the month: at the end of the month. 4,920 pounds of material remained in the warehouse. . During March, 1220 direct labor-hours were worked at a rate of $43.50 per hour. : Variable manufacturing overhead costs during March totaled $15.361. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate varlance for March is: Multiple Choice $3.40% F C Prev 40 of s0l Nexs > el of a AHigh ight Al Match Case 1 of 1 match