2 2 points Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 980 hours each month to produce 1,960 sets of covers. The standard costs associated with this level of production are Per Set Direct materials Total $ 32,340 of Covers $16.50 Book Direct labor $ 6,860 3.50 Meferences Variable manufacturing overhead (based on direct labor-hours) $ 1,960 1.00 $21.00 During August, the factory worked only 1.000 direct labor-hours and produced 2,100 sets of covers. The folowing actual costs were recorded during the month Per Set Direct materials (6,000 yards) Direct labor Total 5 34,020 of Covers $16.20 $ 7,770 3.70 Variable manufacturing overhead. $ 3,990 1.90