Trying to calculate the standard overhead allocated to production.

For production of 70 000 items -

-direct materials : 1.2 kg/item, at a cost of $0.50/item

-direct labour : 1/4 hour/item, at a cost of $12.80/hour

-actual variable overhead : $101 000

-actual fixed overhead : $24 500

Company has these standards -

-direct materials : 1.1 kg/item, at a cost of $0.44/kg

-direct labour : 1/5 hour/item, at a cost of $14.80/hour

-static budget variable overhead : $68 850

-static budget fixed overhead : $29 070

-static budget direct labour hours : 10 200 hours

--static budget number of items : 50 000