Iser produces hubsters. Variable is applied based on direct labor hours. Iser expects production for the coming period to be 2280 units. At that level of activity, variable overhead is expected to be $45600. It should take 4 direct labor hours to produce 1 hubster. Actual results are as follows: Number of hubsters produced: 1900 Actual direct labor hours: 9120 Actual variable overhead cost: $54720

	Quantity	@	Price	Total
Direct materials	7 pieces		$7.00	$49.00
Direct labor	4 hours		$17.00	$68.00
Variable Overhead	4 hours		$	$
Standard Unit Cost				$

1. Complete the above standard cost sheet 2. What would be in a flexible budget for materials cost? 3. What would be in a flexible budget for labor cost? 4. What would be in a flexible budget for variable overhead cost?