29. Elite Brands Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, the static budget for variable overhead costs included the following data: roduction volume udgeted variable overhead costs Budgeted direct labor hours 000 units $14,640 610 hours At the end of the year, actual data were as follows: roduction volume ctual variable overhead costs 4,100 units $16,200 505 hours ual direct labor hours How much is the standard cost per direct labor hour for variable overhead? You must show your work to get credit. 30. Huntswell Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year 2018. riculture Division 140,000 Industrial Division Sales Operating income $16,400 Average assets $300,000 1,040,000 300,000 5,540,000 revenue Calculate the profit margin for the Industrial Division of the company. is a summarized budget for several levels of volume that 31. A separates variable costs from fixed costs. (5 points)