7. ACC Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing labor. At the beginning of 2020, ACC adopted the following standards for its manufacturing costs:

Input Cost per Output Unit Direct Materials 5 lbs. at $4 per lb. $20 Direct Labor 4 hours at $14 per hour 56ACC's budgeted annual production is 108,000 output units. The records for April indicated the following: Direct materials purchased 46,000 lb. at $4.10 per lb. Direct materials used 43,400 lb. Direct manufacturing labor 34,500 hours at $14.35 per hour Actual production 8,850 output units