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5 value 5.00 points Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been tion format income s Sales (6,000 pools) $ 265,000 $265,000 Variable expenses Variable cost of goods sold" 95,580 112,700 Variable selling expenses Total variable expenses Contribution margin Fixed expenses 14,00014,000 109,580 126,700 155,420138,300 Manufacturing overhead 63,000 63,000 Selling and administrative Total fixed expenses Net operating income (loss) 78,00078,000 141,000 141,000 s 14,420 $ (2,700) 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 Standard Quantity Standard Price Sta or Hours 3.9 pounds 0.8 hours 0.6 hours or Rate Cost Direct materials Direct labor $2.30 per poundS $6.90 per hour 5.52 anufacturing overhead