Fortes Incorporated has provided the following data concerning one of the products in its standard cost system. Varlable manufacturing overhead is applied to products on the basis of direct laborhours.
tableStandard Quantity orInputsHours per Unit of Output,Standard Price or RateDirect materials, ounces,$ per ounceDirect labor, hours,$ per hourVariable manufacturing overhead, hours,$ per hour
The company has reported the following actual results for the product for April:
tableActual output, unitsRaw materials purchased, ouncesActual cost of raw materials purchased,$
