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Mack Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Direct materials Direct labor Variable overhead The company

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Mack Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Direct materials Direct labor Variable overhead The company reported the following results concerning this product in August. Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials purchased Actual direct labor rate Actual variable overhead rate Hours Rate 3.5grams $ 1.00 Per gram 0.7hours $ 11.00 Per hour 0.7hours $ 2.00 per hour 3,000units 11,370grams 1,910hours 12,100grams 1.20per gram $ 11.40per hour $ 2.10per hour

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