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Check my work Case 10-17 Working Backwards from Varlance Data [LO10-1, L010-2, LO10-3] Vitex, Inc. manufactures a popular consumer product and it has provided the
Check my work Case 10-17 Working Backwards from Varlance Data [LO10-1, L010-2, LO10-3] Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Standard Price or Rate Standard (1) Standard Quantity or Cost Inputs Direct materials Direct labor Variable manufacturing overhead Hours 2.48 pounds 1.80 hours 1.80 hours $16.50 per pound $15.48 per hour 9.10 per hour $ 39.68 $ 15.48 9.18 64.18 Total standard cost per unit Total Standard Variances Reported Price Quantity or Costor Rate Efficiency $712,88e $13,188 F 33,88e u $277,280 3,886 U 15,488 u $163, 88e 4,180 F $ Direct materials Direct labor Variable manufacturing overhead Applied to Work in Process during the period. The company's manufacturing overhead cost is applied to production on the basis of direct labor-hours. All of the materials purchased during the period were used in production. Work in process inventories are insignificant and can be ignored. Required: 1. How many units were produced last period? 2. How many pounds of direct material were purchased and used in production? 3. What was the actual cost per pound of material? (Rund your answer t 2 decimal places.) 4. How many actual direct labor-hours were worked during the period? 5. What was the actual rate paid per direct labor-hour? (Round your answer to 2 declmal pleces.) 6. How much actual variable manufacturing overhead cost was incurred during the period? 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 overhead cost
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