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Case 10-17 (Algo) Worklng Backwards from Varlance Dato [LO10-1, LO10-2, LO10-3] Vitex, Incorporated, manufactures a popular consumer product and it provided the following data from
Case 10-17 (Algo) Worklng Backwards from Varlance Dato [LO10-1, LO10-2, LO10-3] Vitex, Incorporated, manufactures a popular consumer product and it provided the following data from its standard cost system: Applled to Work In Process during the period. The company's manufacturing overhead cost is applled to production based on direct labor-hours. All of the materlals purchased during the perlod were used in production. Work in process Inventorles are insignificant and can be ignored. Required: 1. How many units were produced last perlod? 2 How many pounds of direct materlal were purchased and used in production? 3. What was the actual cost per pound of material? Note: Round your answer to 2 decimal places. 4. How many actual direct labor-hours were worked during the period? 5. What was the actual rate pald per direct labor-hour? Note: Round your onswer to 2 decimal places. 6. How much actual varlable manufacturing overhead cost was incurred during the perlod? 1. Number of units produced 2. Pounds of direct material purchased and used in production 3. Actual cost per pound 4. Actual direct labor-hours 5. Actual rate per direct labor-hour 6. Actual variable manufacturing overhead cost
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