[The following information applies to the questions displayed below.] Utease Corporation has several production plants nationwide. A newly opened plant in Dubuque produces and sells one product. The plant is treated, for responsibility accounting purposes, as a profit center. The unit standard costs for a production unit, with overhead applied based on direct labor hours, are as follows. Manufacturing costs (per unit based on expected activity of 24,000 units or 57,600 direct labor hours): Direct materials (3.1 pounds at $10) $ 31.00 Fixed overhead (2.4 hours at $35) Direct labor (2.4 hours at $90) Variable overhead (2.4 hours at $25) Standard cost per unit 216.00 60.00 84.00 391.00 Budgeted selling and administrative costs: Variable $ Fixed 10 per unit $1,500,000 Expected sales activity: 20,000 units at $500 per unit Desired ending inventories: 14% of sales Assume this is the first year of operations for the Dubuque plant. During the year, the company had the following activity. Units produced Units sold Unit selling price Direct labor hours vorked Direct labor costs Direct materials purchased Direct materials costs Direct naterials used Actual fixed overhead Actual variable overhead 23,000 21,500 495 54,700 $4,977,700 75,300 pounds $ 753,000 75,300 pounds $1,300,000 $1,340,000 Actual selling and administrative costs $2,400,000 In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold. f. Calculate the actual plant operating profit/loss for the year. Operating profit