Culver Company produces one product, a putter called GO-Putter. Culver uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 90,000 units per year. The total budgeted overhead at normal capacity is $783,000 comprised of $234,000 of variable costs and $549,000 of fixed costs. Culver applies overhead on the basis of direct labor hours. During the current year. Culver produced 85,500 putters, worked 84,700 direct labor hours, and incurred variable overhead costs of $230.300 and fixed overhead costs of $540,000.