You have been given the following information about the production of Blossom Co., and are asked to provide the factory manager with information for a meeting with the vice-president of operations: Standard Cost Card $17.68 3.01 Direct materials (5.20 kg at $3.40 per kilogram) Direct labour (0.70 hours at $4.30) Variable overhead (0.70 hours at $3.40 per hour) Fixed overhead (0.70 hours at $6.00 per hour) 2.38 4.20 $27.27 The following is a production report for the most recent period of operations: Variances Total Standard Cost Spending/ Budget Quantity/ Efficiency Costs Price/ Rate Volume $332,384 $5,034 F $9,928 U 56,588 2,902 5,805 U Direct materials Direct labour Variable overhead Fixed overhead 44,744 $1,090 F ? 78,960 400 F $11,580 U What was the actual variable overhead cost incurred during the period? Actual variable overhead $ What is the total fixed overhead cost in the company's master budget? Budgeted fixed cost $ What were the master budget hours for fixed overhead? Master budget hours hours