17. The following standard costs were developed for one of the products of Razzmatazz Corporation: STANDARD COST CARD PER UNIT Materials: 4 feet x $14.25 per foot 57.00 80.00 Direct labor: 8 hours x $10 per hour Variable overhead: 8 direct labor hours x $8 per 64.00 hour Fixed overhead: 8 direct labor hours x $12 per 96 hour Total standard cost per unit The following information is available regarding the company's operations for the period: 11,000 Units produced: 52,000 feet $13.95 per foot Materials purchased: 40,000 feet Materials used: 84,000 hours costing $840,000 Direct labor: Manufacturing overhead incurred: $756,000 Variable $1,000,000 Fixed Budgeted fixed manufacturing overhead for the period is $960,000, and the standard fixed overhead rate is based on expected capacity of 80,000 direct labor hours. Required