In the current year, JavaWare Company produced 85,000 and sold 75,000 Coffee Makers at a selling price of $40.00 each. All manufacturing overhead is allocated on the basis of machine hours. The standard variable costs per Coffee Maker were: Direct Materials: 4 kg x $2.00 per kg 0.5 hours x $18.00 Direct Labour: per hour Variable Overhead: 1.5 Machine Hours x $4.00 per machine hour Information regarding fixed overhead includes the following: Budgeted Fixed Overhead: $600,000 Total Denominator Used: Budgeted Machine Hours Budgeted Production Volume: 80,000 units Standard Machine hours/Unit: 1.5 Machine Hours Data on Actual Costs and Quantities: DM Purchases: 400,000 kg x $1.90 per kg DM Used: 350,000 kg DL Incurred: 41,500 hours Actual Average Wage: $18.50 per hour Actual Machine Hours: 130,000 hours Variable Overhead Costs: $490,000 Fixed Overhead Costs: $580,000 All inventory accounts had zero beginning balances. All of the work started this period was completed in the period.