Dephart produces walarmos. Variable is applied based on direct labor hours. Dephart expects production for the coming period to be 3680 units. At that level of activity, variable overhead is expected to be $14720. It should take 2 direct labor hours to produce 1 walarmo. Actual results are as follows: Number of walarmos produced: 4600 Actual direct labor hours: 7360 Actual variable overhead cost: $11776 1. Complete the following standard cost sheet:

	Quantity	@	Price	Total
Direct materials	10 grams		$2.00	$20.00
Direct labor	2 hours		$17.00	$34.00
Variable Overhead	2 hours		$	$
Standard Unit Cost				$

Hints: The variable overhead rate per hours is based on estimated variable overhead and estimated labor hours. A flexible budget is expected costs at the ACTUAL level of activity. What would be in a flexible budget for materials cost? What would be in a flexible budget for labor cost? What would be in a flexible budget for variable overhead cost?