Budgeted production

1,000 units

Actual production

903 units

Materials:

    Standard price per pound

$1.8

    Standard pounds per completed unit

11

     Actual pounds purchased and used in production

9,635

    Actual cost of materials

$19,752

Labor:

    Standard hourly labor rate

$14.00 per hour

    Standard hours allowed per completed unit

5.0

     Actual labor hours worked

4,650.45

    Actual total labor costs

$70,919

Overhead:

    Actual and budgeted fixed overhead

$1,064,925

    Standard variable overhead rate

$26.00 per standard labor hour

     Actual variable overhead costs

$130,213