A company uses the following standard costs to produce a single unit of output. Direct materials 5 pounds at $0.90 per pound = $ 4.50 Direct labor 0.60 hour at $10.00 per hour = $ 6.00 Manufacturing overhead 0.60 hour at $3.80 per hour = $ 2.28 During the latest month, the company purchased and used 48,000 pounds of direct materials at a price of $1.1 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $55,969