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Fortes Incorporated has provided the following data concerning one of the products in its standard...

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Accounting

Fortes Incorporated has provided the following data concerning one of the products in its standard cost syste Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
\table[[Inputs,Standard Quantity or Hours,],[Direct materials,per Unit of Output,Standard Price or Rate],[Direct labor,8.6 ounces,$6.70 per ounce],[Variable manufacturing overhead,0.5 hours,$19.70 per hour]]
The company has reported the following actual results for the product for April:
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