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 associated with this level of production are: Per Set Direct materials Direct labor Variable manufacturing Total Covers $51,273 $24.30 $10,550 5.00 overhead (based on direct labor-hours) $ 4,8532.30 $31.60