Current Attempt in Progress Ivanhoe Company budgeted the following cost standards for the current year. Direct materials (2 kg of plastic at $5.00 per kilogram) $10.00 Direct labour (2 hours at $12 per hour) 24.00 Variable manufacturing overhead 10.50 Fixed manufacturing overhead Total standard cost per unit 7.05 $51.55 Actual costs for producing 2.660 units were as follows: Direct materials used 5,810 kg Direct materials purchased (6,610 kg) $32,389 Direct labour (6.950 hours) $65,330 Variable manufacturing costs $32,900 Fixed manufacturing costs- $17.600