Data Exhibit 8-8: Standard Cost Card Inputs Direct materials Direct labor Variable manufacturing overhead Actual results Actual output Actual variable manufacturing overhead cost Actual direct materials cost Actual direct labor cost Enter a formula into each of the cells marked with a below Main Example: Chapter 8 Standard Quantity Standard Price 3.0 pounds $4.00 per pound $22.00 per hour 0.50 hours $6.00 per hour 0.50 hours 2.000 units $7,140 Actual Quantity Actual price 6,500 pounds $3.80 per pound $21.60 per hour 1,050 hours