The following information comes from the records of Magno Co. for the current period:

Actual costs and quantities: Direct materials used Direct labor hours used 38,000 feet @ $6.20 per foot 50,660 hours $16 $211,600 Direct labor rate per hour Factory overhead 25,000 units were produced during the period Standard costs and quantities per unit: Direct materials Direct labor 1.5 ft. @ $6.10 per ft. 2 hours @ $17 per hour Factory overhead (based on budgeted production of 24,500 units) Variable overhead $2.25/direct labor hour Fixed overhead $1.95/direct labor hour