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 materialss Standards 3.0 metres at $4.90 per metre Actual: 3.4 metres at $4.65 per metre Direct labour Standard: 2.9 hours at $3.50 per hour Actual: 2.6 hours at $3.85 per hour Variable manufacturing overheads Standard: 2.9 hours at $2.70 per hour Actual: 2.6 hours at $3.05 per hour Fixed manufacturing overhead: Standard: 2.9 hours at $4.30 per hour Actual: 2.6 hours at $4.35 per hour. Total cost per unit Cost Coat $14.70 $15.01 10.15 10.01 7.83 7.93 12.47 11.31 $45.15 $45.06 Actual costs: 6,500 units at $45.06 Standard costs: 6,500 units at $45.15 Difference in cost-favourable $292,890 293,475 585 During this period, the company produced 6,500 units of product. A comparison of standard and actual costs for the period on a total cost basis is also given above. There was no inventory of materials on hand to start the period. During the period, 22,100 metres of materials was purchased and used in production. The denominator level of activity for the period was 17.240 hours. Required: 1. For direct materials: