The materials quantity variance for March is:Multiple Choice$3,400 F$20,800 F$20,800 U$3,400 U Puvo, Incorporated, manufactures a singie product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. Thecompany uses a standard cost system and has established the following standards for one unit of productStandard Price or Rate$ 4.25 per pound$ 11.00 per hour$ 2.50 per hourStandard Quantity2.5 poundsStandard CostDirect materials$ 10.62$ 5.50$ 1.25Direct labor0.5 hoursVariable manufacturing overhead0.5 hoursDuring March, the following activity was recorded by the company• The company produced 4,000 units during the month,• A total of 13,500 pounds of material were purchased at a cost of $37,800.There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,700 pounds of material remained in thewarehouse.• During March, 2,200 direct labor-hours were worked at a rate of $11.50 per hour.• Variable manufacturing overhead costs during March totaied $2,950.The direct materials purchases variance is computed when the materials are purchased.The materials quantity variance for March is:Mutiple Choice

Name: The materials quantity variance for March is:Multiple Choice$3,400 F$
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Description: The materials quantity variance for March is:Multiple Choice$3,400 F$20,800 F$20,800 U$3,400 U Puvo, Incorporated, manufactures a singie product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. Thecom

Answer: The Correct Answer is d.($3,400 U)

Answered: Choice $3,400 F

Business

Accounting

Choice $3,400 F

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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