Daley, Inc. is a privately held furniture manufacturer. For August 2020, Daley had the following standards for one of its products, a wicker chair: (Click the icon to view the standards per chair.) The following data were compiled regarding actual performance: actual output units (chairs) produced, 2,900; square yards of input purchased and used, 5,500; price per square yard, $5.90; direct manufacturing labor costs, $9,256; actual hours of input, 890; labor price per hour, $10.40. Read the requirements.