Standard Price and Volume - Actual Results Standards: Direct materials 21.0 yards per awning at $14.00 per yard Direct labor 4.0 hours per awning at $19.00 per hour Variable MOH standard rate $7.00 per direct labor hour Predetermined fixed MOH standard rate $5.00 per direct labor hour Total budgeted fixed MOH cost $30,000 Purchased 36,320 yards at a total cost of $493,952 Used 32,500 yards in producing 1,600 awnings Actual direct labor cost of $120,384 for a total of 6,270 hours Actual variable MOH $46,398 Actual fixed MOH $34,500 Print Done Print Done