15 Shane Industries prepared a fixed budget of 60,000 direct labor hours, with estimated overhead costs of $300,000 for variable overhead and $72,000 for fixed overhead. Shane then prepared a flexible budget at 57,000 labor hours. Calculate the total overhead costs at this activity level. QUESTION 16 In Cero Company's income statement, they report gross profit of $50,000 at standard and the following variances: Materials price Materials quantity $ 520 F 610 F Labor price Labor quantity Overhead 490 U 2000 F 800 U Calculate the actual gross profit reported