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

$\backslash$table$[[,,,],[,$Standard Quantity,Standard Price $($Rate$),],[$Direct materials $($plastic$),14$ square foot,$$0\mathrm{.}80$ per square foot,$],[$Direct labor,$0\mathrm{.}25$ hour,$$12\mathrm{.}40$ per hour,$],[$Variable manufacturing overhead $($based on direct labor hours$),0\mathrm{.}25$ hour,$$1\mathrm{.}60$ per hour,$],[$Fixed manufacturing overhead units$),,,]]$

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

$\backslash$table$[[$Number of units produced and sold,$1,220,000$