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kropf incorporated has provided the following data concerning one of the products in its standard...

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Accounting

Kropf Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 8.90 liters $ 8.50 per liter Direct labor 0.50 hours $ 29.70 per hour Variable manufacturing overhead 0.50 hours $ 7.40 per hour The company has reported the following actual results for the product for September: Actual output 11,100 units Raw materials purchased 100,500 liters Actual cost of raw materials purchased $ 875,500 Raw materials used in production 98,820 liters Actual direct labor-hours 5,140 hours Actual direct labor cost $ 160,302 Actual va

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