Question B3 The standard cost card of Netbacks Ltd is shown below. The company manufactures and distributes a single product known as "Strangler cases." Netbacks Ltd - Standard Cost Card Product: Strangler Cases (Currently attainable standards) Unit Description Quantities and prices Direct materials 2.0 kilos @ 0.80 per kilo Direct labour 2.0 kilos @ 0.80.pe 15 minutes @ 16.00 per hour 1.60 4.00 Fixed overhead 6.00 per unit produced 6.00 Standard total unit cost: Standard selling price: Standard unit gross profit: 11.60 20.00 8.40 Other information: The fixed overhead absorption rate is based on a consistent monthly production of 1,500 units Actual trading results for April 2013 are: Netbacks Ltd Actual Trading Results (April 2013) f Sales (for 1,500 units sold) 30,150 Direct materials (for 2,700 kilos consumed) 2,700