Direct Material $ 8.00 $12.00 20.00 Direct Labour 12.00 18.00 30.00 Note: Production Details Standard takes 0.4 hours of machining and 0.6 hour of assembly times. Deluxe takes 0.5 hours of machining and 1.0 hours of assembly times. Custom takes 0.8 hours of machining and 1.7 hours of assembly times. The standard labour rate is $12.00 per hour. Exhibit B Income Statement for the Year ended in December 31, 2019 Standard Deluxe Custom Total Volume Sold 50,000 25,000 5,000 80,000 Revenues ($) 2,100,000 1,575,000 525,000 4,200,000 Variable Costs Direct Material 400,000 300,000 100,000 800,000 Direct Labour 600,000 450,000 150,000 1,200,000