Kropf Incorporated 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 Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 8.90 liters $ 8.50 per liter Direct labor 0.50 hours $ 29.70 per hour Variable manufacturing overhead 0.50 hours $ 7.40 per hour The company has reported the following actual results for the product for Septemb