Operational Information Sydney's Bakery applies overhead on the basis of Baker's Direct Labour hours. The estimated Baker DL hours for the year are 1,500 hours. The estimated manufacturing overhead is $126,000. For the reporting period, the actual overhead costs totalled $132,480 and actual Baker DL hours were recorded as 1,560. Operational results Sydney's Bakery has provided you with activity and respective costs for three months below. 3 January February March Sales in units 2,800 per unit 3,400 per unit 3,000 per unit Sales revenue $ 18,480 $ 6.60 $ 22,440 $ 6.60 $ 19,800 6.60 Less: COGS $ (6,160) $ (2.20) $ (7,480) $ (2.20) $ (6,600) $ (2.20) Gross Margin $ 12,320 $ 14,960 $ 13,200 Less Operating XP nsurance HA 800 $ 0.29 $ 800 $ 0.24 $ 800 0.27 Rent $ 1,800 $ 0.64 $ 1,800 $ 0.53 1,800 0.60 Dep'n $ 700 $ 0.25 $ 700 $ 0.21 $ 700 0.23 Advertsing 640 $ 0.23 $ 670 $ 0.20 $ 650 0.22 Salaries 7,100 $ 2.54 $ 7,850 $ 2.31 7,350 2.45 Total Oper XP $ (11,040) $ (11,820) $ (11,300) Net Income 1,280 3,140 $ 1,900