Please help! It's my birthday and I do not understand this at all! Thank you in advance!

Check my work Wonderfull Not only did our salespeople do a good job in meeting the sales budget this year, but our production people did a good job in controlling costs as well," said Kim Clark, president of Martell Company. "Our $18,300 overall manufacturing 12% of the $1,525,000 standard cost of products made during the year. That's well within the 3% parameter set by management for acceptable variances. It looks like everyone will be in line for a bonus this year" cost variance is only The company produces and sells a single product. The standard cost card for the product follows (1 Standard Price or Rate Standard Quantity Cost or Hours Direct materials Direct labor Variable overhead Fixed overhead Total standard cost per unit 2 feet8.4S per foot S 16.98 22.40 3.58 8.40 $ 51.28 1.4 hours 16 per hour 1.4 hours 2.50 per hour 4 hours6 per hour The following additional information is available for the year just completed a. The company manufactured 30.000 units of product during the year b. A total of 64000 feet of material was purchased during the year at a cost of $8.55 per foot All of this material was used to manufacture the 30.000 units produced There were no beginning or ending inventories for the year c The company worked 43,500 direct labor-hours during the year at a direct labor cost of $15.80 per hour 1 of 1 Next