Laney Corporation Inc. manufactures a single product and uses a standard cost system for control purposes. The standard cost card for the product is as follows:

Standard Cost Standard Cost Per Unit ($) Direct materials 2 metres @ $8.45 per metre $16.90 Direct labour 1.4 hours @ $16 per DLH 22.40 Variable overhead 1.4 hours @ $2.50 per DLH 3.50 Fixed overhead 1.4 hours @ $6 per DLH 8.40 Total cost $51.20 * DLH - Direct labour hoursStandard DLH required for budgeted level of production 35,000 hours Actual variable overhead costs $108,000 Actual fixed overhead costs $211,800