Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:

$\backslash$table$[[,,,],[$Direct materials $($plastic$),$Standard Quantity,Standard Price $($Rate$),],[$Direct labor,$15$ square foot,$$0\mathrm{.}90$ per square foot,$],[$Variable manufacturing overhead $($based on direct labor hours$),0\mathrm{.}25$ hour,$0\mathrm{.}25$ hour,$$12\mathrm{.}60$ per hour$],[$Fixed manufacturing overhead units$),$$$1\mathrm{.}80$ per hour,,$]]$

Parker Plastic had the following actual results for the past year:

$\backslash$table$[[$Number of units produced and sold,$1,240,000$

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