AAA has provided the following data for the month of March: Inventories Beginning Ending Raw materials 25000 $ 30000 $ Work in Progress 16000 $ 18000 $ Finished Goods 36000 $ 59000 $ Purchases of Raw materials 71000 $ Assembly line Skilled Labor @ 10 $ per hour 2000 hours Assembly line Semi Skilled Labor @ 7 $ per hour 5000 hours Assembly line Un Skilled Labor @ 5 $ per hour 4000 hours Indirect materials 10000 $ Indirect Labor @ 4 $ per hour 5000 hours Electricity Expense 30000 $ Telephone Expense 5000 $ Rent Expense 45000 $ Other Utilities 10000 $ Actual Overheads 130,000 $ and Actual D. lab. hours were 11000 hrz Bugted Overheads 150,000 $ Over heads are applied/absorbed on basis of direct labor hours which were budgeted