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The Acom Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Acorn's purchased and used 101,000 pounds of potatoes at a price of $0.65 per pound. During the week, 2400 direct labor hours were incurred in the plant at a rate of $12.40 per hour. The standard price per pound of potatoes is $0.80, and the standard direct labor rate is $12.20 per hour. Standards indicate that for the number of bags of frozen fries produced, the factory should have used 98,000 pounds of potatoes and 2,200 hours of direct labor.

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