Need some help with these questhions, would love the ancwers and an explination.

Question

Need some help with these questhions, would love the ancwers and an explination. thanks

DPorta Guard - Portal LogAssignments: 201801-M: x Connect × e The Following Labor Ste x e Need Some Help Witht X. .> C Secure | https://newconnect.mheducation.com/flow/connect.html a? Chapter 10 Quiz Submitted 43.75/100 Total points swarded Help Exlt 9 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 Standard Standard Quantity 2.5 pounds 8.6 hours 8.6 hours Rate Cost 0 625 points awarded Direct materials Direct labor Variable manufacturing overhead $26.e0 per hour 6.25 per hour S 8.00 per pound $20.00 $15.60 $3.75 Scored Print During March, the following activity was recorded by the company The company produced 7,000 units during the month. A total of 22,000 pounds of material were purchased at a cost of $61,600 There was no beginning inventory of materials on hand to start the month; at the end of the month, 4.400 pounds of material remained in the warehouse. . During March. 4,400 direct labor-hours were worked at a rate of $26.50 per hour. Variable manufacturing overhead costs during March totaled $16,700 The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for March is: Multiple Cholce 2-52 PM O Type here to search 4/24/2018 6

Explanation / Answer

SQ = 7,000 units × 2.5 = 17,500

Materials quantity variance = (AQ – SQ) × SP

= (17,600 ? 17,500) × $8.00

= $800 Unfavorable

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