(Solved): Assume the following information appears in the standard cost card for a company that makes only o ...

Assume the following information appears in the standard cost card for a company that makes only one product: During the most recent period, the following additional information was available: - 20,000 pounds of material was purchased at a cost of \( \$ 10.50 \) per pound. - All of the material that was purchased was used to produce 3,900 units. - 8,000 direct labor-hours were recorded at a total cost of \( \$ 132,000 \). - The actual variable overhead cost incurred during the period was \( \$ 25,000 \).