4 Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below Flexible Dadget Actual oints Sales (7,000 pools) Variable expessesi $235,000 235 000 78,54096,420 18,00018,000 96,540114,420 138-460120,580 Variable cost of goods sold eBook Print References Variable selling expenses Total variable expenses Contribution margin rixed expenses i 54,000 54,000 69,000 69,000 123,000 123,000 15,460 (2,420) Nanufacturing overhead Selling and adninistrative Total fixed expenses Net operating income (loss) Contains direct materials, direct labor, and variable manufacturing overhead Janet Dunn, who has just been appointed general manager of the Westwood Plant, has been given instructions to "get things under control Upon reviewing the plant's income statement, Ms. Dunn has concluded that the major problem lies in the variable cost of goods sold. She has been provided with the following standard cost per swimming pool: Quantity or Standard Price Standard Hours or Rate Coat 3.4 pounds 2.40 per pound.16 1.92 Direct naterials Direct labor Variable nanufecturing overbead Total standard cost pez unit D.3 hours 6.40 per hour 6 hours1.90 per hour1.15 $ 11.22 Based on machine-hours