TB Problem Qu$.10-224($Algo$)$ Kropf Incorporated has provided the following data $...$

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.

$\backslash$table$[[,$Standard Quantity or$,],[$Inputs$,$Hours per Unit of output,Standard Price or Rate$],[$Direct materials,$8\mathrm{.}90$ liters,$$8\mathrm{.}50$ per liter$],[$Direct labor,$0\mathrm{.}50$ hours,$$29\mathrm{.}70$ per hour$],[$Variable manufacturing overhead,$0\mathrm{.}50$ hours,$$7\mathrm{.}40$ per hour$]]$

The company has reported the following actual results for the product for September.

$\backslash$table$[[$Actual output,$11,100$ units$],[$Raw materials purchased,$100,500$ liters$],[$Actual cost of raw materials purchased,$875,500],[$Raw materials used in production,$98,820$ liters$],[$Actual direct labor$-$hours,$5,140$ hours$],[$Actual direct labor cost,$$160,302$