Pharmawealth manufactures vaccinations for distribution in Canada. The standard costs for 12 vaccinations regarding a recent outbreak are: Direct materials 24 L at $1.10 per Litre = $26.40 Direct labour 3 hours it $7.35 per hour = $22.05 During April, Pharmawealth worked on three separate orders of vaccinations. Job cost records for the month disclose the following: Lot Units in Lot _ Materials Used _ Hours Worked m 1,000 dozen 24,100 L 2.980 2678 1.700 dozen 40,440 L 5,130 2679 1,200 dozen 28,825 L 2,890 You have been able to gather the following information: 1. Pharmaweaith purchased 95.000 L of material during April at a cost of $106,400. The materials price variance is recorded when goods are purchased. and all inventories are carried at standard cost. Production employees under the union contract are paid $7.50 per hour. There was no beginning work in process. During April, lots 2677 and 2678 were completed, and all materials were issued for lot 2679. which was 80% complete in terms of labour. 9!\