Cost and Production Data Actual Standard Raw materials unit cost I $ 2.00 Raw materials units used 10,600 10,000 $122.400 5120.000 14.400 $184,500 $189000 $ 51.000 :5 3.00 Fixed overhead rate per hour 35 1.20 Standard machine hours are used for overhead calculations. Three hours of machine time are required for each direct labour hour. The jobs were sold for $400,000. Selling and administrative expenses were $40,000. Assume that the amount of raw materials purchased equalled the amount used