A company's standard cost system requires $7,000$ direct labor hours per month jg$.$ qtler taproduce $3,500$ units of handbags.

The management has set $2$ standard of using $4\mathrm{.}3$ yards of direct materials per unit of handbag. Information regarding standard costs is mentioned below:

$\backslash$table$[[$Particulars$,$Amount$],[$Total standard direct materials cost,$$54,250$