$5.)$ Babylon Corporation manufactures loxury sofa sets and uses a standard cost system, in allocates overhead costs based on quantity of direct materials. The company's perfommente report for January includes the following selected diala.

$\backslash$table$[[,\backslash$table$[[\backslash$table$[[$Static Budget$],[(300$ sofa sets$)]]]],\backslash$table$[[$Actual$],[$Production$],[(280$ sofa sets$)]],$Explanations$],[$Sales Revenue,$$600,000,,300$$$2000$