Beta Enterprise developed standard costs for direct material and direct labour. In 2021, Beta estimated the following standard costs for one of their major products.

Budgeted quantity Budgeted price

Direct materials 0.67 pounds $72 per pound

Direct labour 0.18 hours $30.87 per hour

During the month of April, Beta produced and sold 24244 units of a product, using 21647 pounds of direct materials at an average cost per pound of $78 and 10164 direct manufacturing labour-hours at an average wage of $33.44 per hour.