Marlene Doll Co. has budgeted sales of its dolls over the 3rd quarter as follows: End of month inventories are budgeted at 10% of next month budgeted sales. Prepare a production budget for July and August. SHOW ALL COMPUTATIONS. PROBLEM 6(10) New Co. used 24,000 labor hours to produce 8,600 completed units. According the budget, each unit is anticipated to take 2.75 hours to complete. The company's actual payroll cost amounted to $456,000. The standard labor cost per hour is $19.20. a) Compute actual hourly rate, Show computation. b) Compute all standards \& variances. SHOW ALL COMPUTATIONS