*Problem 12.40A a-h You have been given the following information about the production of Gamma Co., and are asked to provide the plant manager with information for a meeting with the vice-president of operations: Direct materials (6.00 kg at $3.40 per kilogram) Direct labour (0.80 hours at $4.10) Variable overhead (0.80 hours at $3.40 per hour) Fixed overhead (0.80 hours at $7 per hour) Standard Cost Card $20.40 3.28 2.72 5.60 $32.00 The following is a production report for the most recent period of operations: Costs Volume Direct materials Variances Spending) Quantity/ Budget Efficiency $10,132 U 5,658 U $1,040 F Total Standard Cost $440,640 70,848 58,752 120,960 Price/ Rate $6,629 F 4,665 U Direct labour Variable overhead Fixed overhead 430 F $13,650 U What was the actual variable overhead cost incurred during the period? Actual variable overhead What is the total fixed overhead cost in the company's master budget? Budgeted fixed cost $ What were the master budget hours for fixed overhead? Master budget hours hours