Haliburton Mills Inc. is a large producer of men's and women's clothing. The company uses standard costs for all of its products. The standard costs and actual costs for a recent period are given below for one of the company's product lines (per unit of product): Standard Actual Direct materials: Standard: 2.5 metres at $5.40 per metre Actual: 2.6 metres at $5.20 per metre Direct labour: Standard: 1.8 hours at $3.00 per hour Actual: 1.6 hours at $3.35 per hour Variable manufacturing overhead: Standard: 1.8 hours at $1.60 per hour Actual: 1.6 hours at $1.95 per hour Fixed manufacturing overhead: Standard: 1.8 hours at $4.80 per hour Actual: 1.6 hours at $4.85 per hour Total cost per unit Actual costs: 8,200 units at $29.76 Standard costs: 8,200 units at $30.42 Difference in cost-favourable $244,032 249,444 $ 5,412 Cost Cost $ 13.50 $13.52 5.40 5.36 2.88 3.12 8.64 $ 30.42 7.76 $ 29.76 During this period, the company produced 8,200 units of product. A comparison of standard and actual costs for the period on a total cost basis is also given above.