Courtier Limited's standard cost information is given below Direct materials 40 kgs at $73.00 per kg 2,920.00 Direct labour 17 hours at $250.00 per hour 4,250.00 Variable overheads 2,720.00 Fixed overheads 2,380.00 12,270.00 The budgeted output is 70,000 units Overheads are absorbed on the basis of direct labour hours The actual output, costs and usage of resources are outlined below; Actual output is 80,000 units Direct materials 3,500,000 kgs costing $210,000,000 Direct labour 1,365,000 hours costing $273,000,000 Variable overheads costing Fixed overheads costing $204,750,000 $221,000,000