Lacrue 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. Standard Quantity or Hours per Unit Inputs Direct materials: Direct labor Variable manufacturing overhead The actual output for the period was 3,700 units. The standard hours allowed for the actual output is closest to: Multiple Choice 1,480 hours 1,580 hours of Output 6.3 ounces 0.40 hours 0.40 hours. Standard Price or Rate $ 5.50 per ounce $ 22.00 per hour $ 3.80 per hour