Eemaining Time: 2 hours, 16 minutes, 22 seconds. QUESTION COMPLETION STATUS: uestion 34 1 points SAVE Risky Ltd uses a standard costing system. Overhead costs are allocated based on direct labour hours. The standard variable overhead and fixed overhead rates are $3 and $10 per direct labour hour, respectively. Data relevant for the current period include: 75,000kg @ $11 per kg 75,000kg Direct Materials Purchased Direct Materials Used Standard quantity of direct materials for actual production Direct Materials standard price 80,000kg $13 per kg Direct labour costs incurred 76,000 $14 per hour 78,000 hours Standard Direct Labour hours for actual production Standard Direct Labour cost per hour Variable overhead costs incurred $15 per hour $231,210 Fixed overhead costs incurred $763,000 Es** 48 O Eemaining Time: 2 hours, 16 minutes, 22 seconds. QUESTION COMPLETION STATUS: uestion 34 1 points SAVE Risky Ltd uses a standard costing system. Overhead costs are allocated based on direct labour hours. The standard variable overhead and fixed overhead rates are $3 and $10 per direct labour hour, respectively. Data relevant for the current period include: 75,000kg @ $11 per kg 75,000kg Direct Materials Purchased Direct Materials Used Standard quantity of direct materials for actual production Direct Materials standard price 80,000kg $13 per kg Direct labour costs incurred 76,000 $14 per hour 78,000 hours Standard Direct Labour hours for actual production Standard Direct Labour cost per hour Variable overhead costs incurred $15 per hour $231,210 Fixed overhead costs incurred $763,000 Es** 48 O