Chi Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Input Direet materials Direct labor Variable manufacturing overhead Total standard cont per unit (1) Standard Quantity or Hours 2.20 pounds 1.00 hours 1.00 hours (2) Standard Price Or Rate $16.60 per pound $15.20 per hour $ 9.30 per hour Standard Cont (1) 2) $36.52 $15.20 $ 9.30 $61.02 Total Variances Reported Standard Price Quantity or Conte or Rate Etidiene Direct materials $657,360 12.0647 $ 33,200 U Direct labor 9273,600 $3,800 U $ 15,2000 Variable manufacturing overhead $167.400 4,2001 $70 "Applied to Work in Process during the period. The company's manufacturing overhead cost is applied to production on the basis of direct lobor-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? (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 paid per direct labor-hour? (Round your answer to 2 decimal places.) 6. How much actual variable manufacturing overhead cost was incurred during the period? 1 2 Number of units produced Pounds of direct material purchased and used in production Pro 1 of 3 Next > CH OS Total Variances Imported Standard Price Quantity or Coats O Kate Efficiency Direct materiala $657, 360 $ 12,064 F $ 33,200 V Direct labor $273,600 $ 3,800 U $ 15,200 V Variable manufacturing over hend $167,400 $ 4,200 T tu *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 perlod? 2. How many pounds of direct material were purchased and used in production? 3. What was the actual cost per pound of material? (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 paid per direct labor-hour? (Round your answer to 2 decimal places.) 6. How much actual variable manufacturing overhead cost was incurred during the period? 1. 2. 3. Number of units produced Pounds of direct material purchased and uned in production Actual cost per pound Actual direct labor hours Actual rato per direct labor hour Actual variable manufacturing overhead cost 4 6. 6. Proy 1 of 3 !!! Next >
