P12-53B Sasha Clothiers is a small company that manufactures oversize suits. The company uses a standard cost accounting system. In May 2016, it produced 11,200 suits. The following standard and actual cost data applied to the month of May when normal capacity was 14,000 direct labour hours. All materials purchased were used. Cost ElementStandard (per unit) Direct materials 8 m at $4.40 per metre Direct labour 1.2 hours at $13.40 per hour Overhead Actual $375,575 for 90,500 m ($4.15 per metre) $200,220 for 14,200 hours ($14.10 per hour) $49,000 fixed overhead $37,000 variable overhead 1.2 hours at $6.10 per hour (fixed $3.50; variable $2.60) Overhead is applied based on direct labour hours. At normal capacity, the budgeted fixed overhead costs are $49,000. the budgeted variable overhead is $36,400