Budgeted production 935 units Actual production 1,077 units Materials: $1.91 Standard price per ounce Standard ounces per completed unit 10 11,093 Actual ounces purchased and used in production Actual price paid for materials $22,741 Labor: $14.19 per hour 4.4 5,546.55 $84,585 Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs $1,088,000 $26.00 per standard labor hour $155,303 Overhead is applied on standard labor hours. The direct materials quantity variance is Oa. 1,553.37 favorable Ob. 1,553,37 unfavorable Oc. 616.93 unfavorable OH 61693 forable Manufacturing Co.'s static budget at 8,000 units of production includes $40,000 for direct labor and $3,200 for electric power. Total fixed co 600. At 10,000 units of production, a flexible budget would show variable costs of 54.000 and 599,000 of fixed costs variable costs of 554,000 and $49.500 of fixed costs variable and fixed cost totaling $82,800 variable costs of $43.200 and $39,600