3 Zee Corporation has developed the following cost standards for the production o backpacks: leather Standard Cost Standard Use Leather is $22 per yard Direct labor is $9.00 per hour 0.9 yards 1.3 hours The actual results for last month were as follows: Number of backpacks produced Direct labor hours incurred Yards of leather purchased and used in production Cost of leather purchased and used Direct labor cost 15,000 18,800 14,500 $306,675 $159,800