Budgeted production

1,045 units

Actual production

931 units

Materials:

Standard price per ounce

$1.8

Standard pounds per completed unit

12

Actual pounds purchased and used in production

10,837

Actual cost of materials

$22,216

Labor:

Standard hourly labor rate

$15.00 per hour

Standard hours allowed per completed unit

4.0

Actual labor hours worked

4,794.65

Actual total labor costs

$73,118

Overhead:

Actual and budgeted fixed overhead

$1,076,177

Standard variable overhead rate

$26.00 per standard labor hour

Actual variable overhead costs

$134,250