Willow Inc. has provided the following information Standards Direct materials Direct labor Variable overhead Fixed overhead Per unit 10 lb @ $2.60/lb $ 26.00 2 hours@ $22.50/hour 45.00 2 hours@ $18/hour 36.00 25.00 $132.00 Total Budgeted production 7,000 units Actual results Materials Direct labor Variable overhead Fixed overhead Units produced 74,950 lbs 15,530 actual hours $192,200 $339,500 $286,600 $171,400 7,400 units