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Handerson Corporation makes a product with the following standard costs: \table[[,Standard Quantity,Standard Price or],[Direct...

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Accounting

Handerson Corporation makes a product with the following standard costs:
\table[[,Standard Quantity,Standard Price or],[Direct materials,or Hours,Rate],[Direct labor,8.5 kilos,$6.00 per kilo],[Variable overhead,0.4 hours,$20.00 per hour],[,0.4 hours,$6.00 per hour]]
The company reported the following results concerning this product in August.
\table[[Actual output,3,200 units],[Raw materials used in production,29,030 kilos],[Purchases of raw materials,31,600 kilos],[Actual direct labor-hours,1,160 hours],[Actual cost of raw materials purchases,$195,920
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