At the beginning of the year, Lopez Company had the following standard cost sheet for one of its chemical products:

Direct materials (4 lbs. @ $2.80)		$11.20
Direct labor (2 hrs. @ $18.00)		36.00
FOH (2 hrs. @ $5.20)		10.40
VOH (2 hrs. @ $0.70)		1.40
Standard cost per unit		$59.00

Lopez computes its overhead rates using practical volume, which is 80,000 units. The actual results for the year are as follows: (a) Units produced: 79,600; (b) Direct labor: 158,900 hours at $18.10; (c) FOH: $831,000; and (d) VOH: $112,400.