Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures Direct materials (15 lbs. @$3 per lb.) Direct labor (2 hrs. @ $14 per hr.) $45 28 During June the company incurred the following actual costs to produce 8.100 units. Direct materials (123,600 lbs. Direct labor (20,100 hrs. $2.70 per 1b.) $14.15 per hr.). $333,720 284,415