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 6.50 pounds $ 1.30 per pound $ 8.45 Direct labor 0.40 hours $ 40.50 per hour $ 16.20 Variable manufacturing overhead 0.40 hours $ 9.20 per hour $ 3.68 During March, the following activity was recorded by the company: The company produced 3,100 units during the month. A total of 20,100 pounds of material were purchased at a cost of $14,280. There was no beginning inventory of materials on hand to start the month; at the end of the month, 4,320 pounds of material remained in the warehouse. During March, 1,160 direct labor-hours were worked at a rate of $37.50 per hour. Variable manufacturing overhead costs during March totaled $14,761.