Congratulations! Your work on the Air-Accountant shoes was so helpful that the company was bought out by Nike Inc and you made enough money you never have to work again! But...what fun would that be? So you started your own accounting consulting company called You Can Account On Us. Recently, you were hired by a company named Cow Hopp to help analyze budget variances. Information for Cow Hopp's Commemorative Milk Glasses is below: DM (Clay) DL Var MOH (based on DL) Fixed MOH Standard Standard Standard Quantity Price/Rate Unit Cost 1.8 lbs $ 1.95 per lb $ 3.51 2.25 hrs $ 13.50 per hr $ 30.38 2.25 hrs $ 1.25 per hr $ 2.81 $300,000 estimated total 125,000 estimated units Additional data for the Milk Glasses is as follows: Units produced & sold Pounds of clay used Total cost of clay Labor hours worked Total DL cost 118,000 209,000 $ 434,720 266,000 $ 3,452,505 Total Var MOH cost $ 368,970 Total Fixed MOH cost $ 295,000