Hutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (15 lbs.$4 per lb.) Direct labor (3 hrs. $15 per hr.) $60 45 During May the company incurred the following actual costs to produce 9,000 units Direct materials (138,000 lbs.@$3.75 per 1b.) Direct labor (31,e80 hrs.@ $15.10 per hr.). 517, 5ee 468,180 AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price AH- Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate