You have been given the following information about Bonita Co$.$ Ltd$.,$ which uses a standard cost system in accounting for its one product:

In the month of November $2022,4,410$ units were produced.

The annual overhead budget includes $$745,500$ for variable and $$1,043,700$ for fixed overhead items. Budgeted production for the year is $49,700$ units. Overhead is applied based on direct labour hours.

The materials standard per unit is $20$ litres at $$1\mathrm{.}00$ per litre.

The direct labour standard per unit is $3$ hours at $$9.$

The actual price paid for material was $$0\mathrm{.}98.$

The actual direct labour rate was $$9\mathrm{.}50.$

Actual fixed overhead costs totalled $$88,200.$

The following variances have already been calculated:

Materials price

$700F.$

Materials quantity

$1,630U$