Maple Products, Ltd., manufactures a super-strong hockey stick. The standard cost of one hockey stick is Standard Quantity or Hours ? feet 2 hours Standard Price Standard or Rate Direct materials Direct labor $3.30 per foot ? per hour ? Variable manufacturing overheadhours $1.30 per hour Total standard cost $26.32 Last year, 7,500 hockey sticks were produced and sold. Selected cost data relating to last year's operations follow: Dr. Cr Accounts payable-direct materials purchased (52,000 feet) Wages payable (? hours) $163,800 $ 68,200* $108,900 ork in process-direct materials Labor rate variance Variable overhead efficiency variance $ 3,100 $650 The following additional information is available for last year's operations a. No materials were on hand at the start of last year. Some of the materials purchased during the year were still on hand in the warehouse at the end of the year b. The variable manufacturing overhead rate is based on direct labor-hours. Total actual variable manufacturing overhead cost for last year was $18,600 c. Actual direct materials usage for last yea r exceeded the standard by 0.2 feet per stick