The following information relates to production activities of Mercer Manufacturing for the year.

Actual direct materials used17,300 pounds at $4.70 per poundActual direct labor used17,935 hours at $32 per hourActual units produced32,600Standard quantity and price per unit for direct materials0.50 pound at $4.65 per poundStandard quantity and rate per unit for direct labor0.50 hour at $33 per hour

AR = Actual Rate

SR = Standard Rate

AQ = Actual Quantity

SQ = Standard Quantity

AP = Actual Price

SP = Standard Price

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