Cinturon Corporation produces high$-$quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor

$\backslash$tabe Leather

$(3$ strips @ $$6-$$$18\mathrm{.}00$

Direcr labor $\mathrm{.}75$hr @ $$16-12$

Total prime cost $$30$

During the first month of the year the boys plant produced $92,000$ belts. Actual leather purchase was $296,500$ strips at $$4\mathrm{.}80$ per strip. There was no beginning or ending inventory of leather actual direct labor was $79,600$ hours and $$18\mathrm{.}50$