GHI 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 Dred malenals Direct labor Variable manufacturing overhead Standard Price Standard Quantity or Hours per Unit of Output or Rate 67 grams $780 per gram 0.20 hours 0.20 hours The company has reported the following actual results for the product for August $10.00 per hour $830 per hour Actual output 6,300 unts Raw materiais purchased 40,100 grams Actual price of raw matenals 57.00 per gram Raw materials used in production 42.200 grams Actual direct labor-hours 1,350 hours Actual direct labor rate $20.10 per hour