Save & Ex Help Pippin 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. Standard Quantity or Hours per Standard Price Unit of Output Rate s 7.00 per gram $21.30 per hour 9.60 per hour 5.0 grams 0.30 hours 0.30 hours Direct materials Direct labor Variable manufacturing overhead 38 The company has reported the following actual results for the product for June 8,500 units 48,180 grams s 7.70 per gram 42,490 grams 2,300 hours s 21.70 per hour s 9.80 per hour Actual output Raw materials purchased Actual price of raw materials Raw materials used in production Actual direct labor-hours Actual direct labor rate Actual variable overhead rate Multiple Choice $77 F $70 U $77 U (-) $70 F