The following direct labor data pertains to the operations of Hines Industries for the month of November: Standard labor rate Actual hours incurred $10.00 per hr. 8,000 Standard costs are 2.25 direct labor hours to complete one unit of product. The actual labor rate incurred exceeded the standard rate by 10%. Four thousand units were manufactured in November. Instructions: In the space provided below, provide the formulas and calculations for: Formula 1, Formula 2, and Formula 3. i.e. Record in the fill-in-the-blank: Fill-in-the-blank #1: Formula 1 (Show all calculations) Fill-in-the-blank #2: Formula 2 (Show all calculations) Fill-in-the-blank #3: Formula 3 (Show all calculations)