Betsy Stalling manufactures rubber mats for use as barn footings for animal stalls. For the month of March 2021, management has projected sales of 6,000 mats, selling at a price of $40/mat. Fixed costs include fixed manufacturing overhead budgeted at $9,000, advertising budgeted at $7,000 for the month and office rent budgeted at $8,000 for the month. The budgeted variable cost standards are shown below. Variable overhead is allocated based on labor hours.

Budgeted Cost Standards	Budgeted Quantity	Budgeted Price	Budgeted Variable Cost, per mat
Direct Materials	6 lbs. rubber	$1 per lb.	$6.00
Direct Labor	0.2 hours	$13 per DLH	$2.60
Variable Manufacturing Overhead	0.2 hours	$3 per DLH	$0.60
Total Variable Standard Cost, per Unit			$9.20

For this assignment, let's assume no variable sales and administrative costs.

REQUIRED

a) Answer the following questions:

1. What is the standard amount of material for 7,500 mats?
2. What was the actual cost for each pound of rubber?
3. What is the standard amount of labor hours for 7,500 mats?
4. What was the actual wage rate for the month?
5. What was the actual overhead rate per labor hour?