D Question 1 Smiles Corporation makes a product with the following standard costs: Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost per Unit Direct Materials 4.3 pounds Direct Labor 0.7 hours. Variable Overhead 0.7 hours $6.00 per pound $25.80 $20.00 per hour $14.00 $2.00 per hour $1.40 The company reported the following results concerning this product in September. Originally budgeted output 1,900 units Actual output 1,700 units Raw materials used in production 7,210 pounds Purchases of raw materials 7,600 pounds Actual direct labor hours. 1,260 hours Actual cost of of raw materials purchases $43,320 Actual direct labor cost Actual variable overhead cost $25,578 $2,394 The company applies variable overhead on the basis of direct labor-hours. Required: (Show your work) 30 pts