During June, Danby Company's material purchases amounted to 6,880 pounds at a price of $5.50 per pound. Actual costs incurred in the production of 2,150 units were as follows: Direct labor: $106,148 ($11.90 per hour) ect material 24,860 (55.50 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor Direct Material Quantity, 4 hours per unit Rate, $11.50 per hour Quantity, 2 pounds per unit Price, $5.20 per pound