Standard Direct materials Direct labor variable manufacturing overhead Quantity 2.5 pounds 0.6 hours Standard Price or Rate Standard Cost $ 3.50 per pound $8.75 $ 8.00 per hour $4.00 8.6 hours $ 1.75 per hour $ 1.05 During March, the following activity was recorded by the company. The company produced 3,400 units during the month. A total of 12.000 pounds of material were purchased at a cost of $33,600. There was no beginning inventory of materials on hand to start the month; at the end of the month, 2.400 pounds of material remained in the warehouse. During March, 2.240 direct labor-hours were worked at a rate of $8.50 per hour. Variable manufacturing overhead costs during March totaled $2.552 The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for March is: Multiple Choice $3.850 P $16100 P $10.100 $3.450 U