Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,055 hours each month to produce 2,110 sets of covers. The standard costs assoc with this level of production are: points 51,273 $24.30 Direct materials Direct labor Variable nanufacturing overhead (based 10,550 .00 $4,853 2.30 531.60 eBook on direct labor-hours) eferences During August, the factory worked only 1,000 direct labor-hours and produced 2.100 sets of covers. The following actual costs were recorded during the month Direct naterials (6,800 yarda) Direct abor Variabie manutactueing overhead Total of cov S 49,980 S23.80 10,920 .20 5,4602.50 31.60 (o. td1 At standard, each set of covers should require 3.0 yards of material. All of the materials purchased during the month were used in