Jax Inc. produces paddleboards that are popular with beach rental stores. Jax uses standard costing, and in 2021 they estimated that they would make 4,200 paddleboards. Jax estimated the following standard costs for materials and labor for each paddleboard. Direct materials Direct labor Standard Quantity per Unit Standard Price 32 square feet 2 hours per unit $1.60 per square foot $17.00 per hour During 2021 Jax actually produced and sold 4,100 paddleboards. During 2021 Jax purchased and used 137,000 square feet of material. The average cost of the material was $1.55 per square foot. 7,900 hours of direct labor were used during the year with an average rate of $18.25 per hour. Jax allocates manufacturing overhead to production based upon feet of direct materials used. Jax estimated that variable manufacturing overhead costs would be $268,800 and fixed manufacturing overhead costs would be $470,400. Actual VMOH costs incurred were $261,300 and actual FMOH costs incurred were $473,000.