Actual/Normal/Standard Costing

Fast Finance is a drive-in financial consulting business, where customers park in the parking lot and employees come by on roller-skates to give them financial advice.

For the month of January, Fast Finance estimates that they will receive 900 customers. The following table summarized their budgeted costs for January:

	Standards
Direct Labor Cost	50 $ / hr
Total Variable Overhead Cost	$11,250
Total Fixed Overhead Cost	$19,800
Number of Customers	900
Total Direct Labor Hours	1,125 hrs

At the end of January, Fast Finance had incurred the following actual costs:

	Actuals
Direct Labor Cost	$48,000
Total Variable Overhead Cost	$9,600
Total Fixed Overhead Cost	$20,000
Number of Customers	960
Total Direct Labor Hours	960 hrs

Fast Finance uses a full-absorption, normal costing system, and allocates their Variable and Fixed overhead on the basis of number of customers. Fast Finance charges their customers a flat rate per session, and as a result, considers the 'units' for their costing system to be customers.

What is the Standard Price (SP) of Variable Overhead & the SP of Fixed overhead?