Bateh Company produces hot sauce. The following information is provided concerning its standard cost system for the year: Standard Data Actual Data Material 1/8 lbs. @ $7.50 per lb. Produced 4,400...

Standard Data

Actual Data

Material

1/8 lbs. @ $7.50 per lb.

Produced

4,400

Labor

24 mins. @ $12 per hr.

Materials cost

$7.40 per pound

Budgeted fixed overhead

$28,350

Materials used

556 pounds

Budgeted variable overhead

$4.50 per unit

Labor worked

1,610 hrs. totaling $19,481

Budgeted production

4,500

Actual overhead

Fixed $20,000; Variable: $28,400