ACTUAL QUANTITY + STANDARD PRICE STD QUANTITY + STD PRICE 1. Kilgore Company uses a standard costing system in the production of Thingembobs. Direct Material: Standard price is $7.00 per pound. ACTUAL QUANTITY + ACTUAL PRICE Each Thingembob requires 2 pounds of material. MATERIAL PURCHASE $0 DMPV Direct Labor: The standard direct labor rate is $18.00 per hour, $0 and each Thingembob requires 3 hours of direct labor. ACT. QTY ACT. PRICE $0 ACT. QTY STD. PRICE MATERIAL USAGE $0 During the month, the company purchased 6,000 pounds of material, paying $7.30 per pound. The direct material used during the month was 4,200 pounds. $0 DMQV 0 ACT. QTY STD. PRICE OF MTL USED UNITS PROL MTLS/UNIT STD PRICE (POUNDS) PER POUND The company used 6,450 hours of direct labor during the month, at a rate of $18.10 per hour. LABOR USAGE $0 $0 $0 DLRV $0 DLTV 0 The company produced 2,000 Thingembobs this month. ACT. HRS ACT. RATE ACT. HRS STD. RATE STD RATE UNITS PROL DLH/UNIT (HOURS)