Variance analysis for direct labor Bristol Company produces blankets. The master budget shows the following standards information and indicates the company expected to produce and sell $28,000$ units for the year.

$\backslash$table$[[$Direct materials,$4$ yards per unit at $$3$ per yard$],[$Direct labor,$2$ hours per unit at $$10$ per hour$],[$Variable manufacturing overhead,$\backslash$table$[[2$ direct labor hours per unit at $$4$ per$],[$hour$]]]]$

Bristol actually produced and sold $30,000$ units for the year. During the year, the company purchased $130,000$ yards of material for $$429,000$ and used $118,000$ yards in production. A total of $65,000$ labor hours were worked during the year at a cost of $$637,000.$ Variable overhead costs totaled $$231,000$ for the year.