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elect cases are available in Connect. CASE 10-17 Working Backwards from Variance Data LO10-1, LO10-2, LO10-3 itex, Inc. manufactures a popular consumer product and it
elect cases are available in Connect. CASE 10-17 Working Backwards from Variance Data LO10-1, LO10-2, LO10-3 itex, Inc. manufactures a popular consumer product and it has provided the following data xcerpts from its standard cost system: The company's manufacturing overhead cost is applied to production on the basis of direct laborhours. 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? 4. How many actual direct labor-hours were worked during the period? 5. What was the actual rate paid per direct labor-hour? 6. How much actual variable manufacturing overhead cost was incurred during the period
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