Problem 1 Fortes Inc. 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 Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 8.0 ounces 0.60 hours 0.60 hours Standard Price or Rate $6.10 per ounce S19.80 per hour $4.40 per hour The company has reported the following actual results for the product for April: Actual output Raw materials purchased Actual cost of raw materials purchased 5,600 units 48,200 ounces $279,56 Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 44.810 ounces 3,150 hours $64,890 $12,915