Maple Leaf Production manufactures truck tires. The following information is available for the last operating period. Maple Leaf produced and sold 97,000 tires for $48 each. Budgeted production was 101,000 tires. Standard variable costs per tire follow. Direct materials: 4 pounds at $2.00 Direct labor: 0.35 hours at $17.00 Variable production overhead: 0.14 machine-hours at $20 per hour Total variable costs Fixed production overhead costs: Monthly budget $1,425,000 Fixed overhead is applied at the rate of $15.00 per tire. Actual production costs: $ 8.00 5.95 2.80 $16.75 Direct materials purchased and used: 395,000 pounds at $1.60 Direct labor: 30,500 hours at $17.30 Variable overhead: 14,000 machine-hours at $20.60 per hour Fixed overhead $ 632,000 527,650 288,400 1,426,000