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 (3 hrs. @ $15 per hr.) $45 45 50:26 During June the company incurred the following actual costs to produce 8,400 units. pu ped Direct materials (128,400 lbs. Direct labor (30,100 hrs. $2.80 per lb.) $359,520 $15.15 per hr.). 456,015 AH=Actual Hours SH=Standard Hours AR = Actual Rate SR Standard Rate AQ Actual Quantity SQ Standard Quantity Prev 10 of 10 Next >