1.The standard cost card for a company's only product is given below:

$ per unit

Selling price 118

Direct labour 4 hours at $20 per hour70

Direct material 3 kg at $7 per hour 21

Fixed production overhead 5

Profit 22

For a period, budgeted production and sales were 8,000 units, whilst actual production and sales were 6,000 units. What is the flexed budget profit?

A $122,000

B $176,000

C $162,000

D $132,000`