Superior, Inc. produced 1,000 units of the company's product in 2024. The standard quantity of direct materials was three yards of cloth per unit at a standard cost of $1.30 per yard. The accounting records showed that 2,400 yards of cloth were used and the company paid $1.35 per yard. Standard time was two direct labor hours per unit at a standard rate of $12.00 per direct labor hour. Employees worked 1,800 hours and were paid $11.00 per hour. Read the requirements.