Patterson Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data Standard Price and Volume X Actual cost and operating data from the most recent month are as follows: (Click the icon to view the actual results.) All manufacturing overhead is allocated on the basis of direct labor hours Actual Results Standards: Direct materials 21.0 yards per awning at $13.00 per yard Direct labor 2.0 hours per awning at $19.00 per hour Variable MOH standard rate $7.00 per direct labor hour Predetermined fixed MOH standard rate $6.00 per direct labor hour Total budgeted fixed MOH cost $22,200 Purchased 45,200 yards at a total cost of $560,480 Used 40,900 yards in producing 2,000 awnings Actual direct labor cost of $71,625 for a total of 3,750 hours Actual variable MOH $27,000 Actual fixed MOH $26,700 Print Done Print Done PCE MAIN MEIS DM price variance