Handerson Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Direct materials Direct labor Hours 8.5kilos Rate $6.00per kilo 0.4hours $20.00 per hour 0 $ 6.00 per hour Variable overhead 0.4 hours The company reported the following results concerning this product in August. Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases 3,200units 29,030 kilos 31,600 kilos 1,160 hours $195,920 22.736