Hempstead Corporation plans to manufacture 8,000 units over the next month at the following costs: direct materials, $480,000; direct labor, $60,000; variable manufacturing overhead, $150,000; straight-line depreciation, $24,000, and other fixed manufacturing overhead, $272,000. The result is total budgeted cost of $990,000. Shortly after the conclusion of the month, Hempstead reported the following costs:

Direct materials used $490,500 Direct labor 69,600 Variable manufacturing overhead 132,000 Depreciation 24,000 Other fixed manufacturing overhead 272.000 Total $988,100