9. Hofburg's standard quantities for 1 unit of product include 2 pounds of materials and 1.5 labor hours. The standard rates are $2 per pound and $7 per hour. The standard overhead rate is $8 per direct labor hour. The total standard cost of Hofburg's product is a. $14.50. b. $17.00. C $22.50. d. $26.50. 10. Dillon has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, Dillon used 3,100 pounds of materials at a total cost of $18,135. Dillon's total variance is a. $135 U. b. $450 F. C. $465 U. d. $600 U. PART 4: ESSAY QUESTION (10 Points) Please Compare Managerial and Financial Accounting FEATURES FINANCIAL ACCOUNTING MANAGERIAL ACCOUNTING