Dart Company developed the following standard costs for its product for 2022: DART COMPANY Standard Cost Card Stand. Quantity. Stand. Price = Standard Cost Direct materials 4 pounds $ 5 $20 Direct labor 2 hours 10 20 Variable overhead 2 hours 4 8 Fixed overhead 2 hours 2 $52 The company expected to work at the 120,000 direct labor hours level of activity and produce 60,000 units of product. Actual results for 2022 were as follows: 56,800 units of product were actually produced. Direct labor costs were $1,092,000 for 112,000 direct labor hours actually worked. Actual direct materials purchased and used during the year cost $1,108,800 for 231,000 pounds. Total actual manufacturing overhead costs were $680,000.