Standard Cost per One Jean During January, Jenny's Jeans only produced 2,000 jeans. The company incurred the following costs in January: direct labor $6,400 (400 hours were used for the 2,000 jeans with a rate of $16 per hour), raw materials $16,600 (cost per yard was $5.40 and 3,074 yards were used for the 2,000 jeans), and utilities $9,200, salaries $61,000, depreciation $24,000, insurance $12,000. Use the provided template on the next page to prepare a flexible budget report for January and calculate the spending and activity variances