MBA515 Unit 6, Section 6, 11/5/21 Please provide a RESOLVE and SHOW WORK. Thank you! Unit 6 Application Assignment @ Saved 6 Case 10-17 (Algo) Working Backwards from Variance Data [LO10-1, LO10-2, LO10-3] 8.35 Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: points (2) (1) Standard Standard Standard Quantity or Price cost Inputs Hours or Rate (1) x (2) eBook Direct materials 2. 10 pounds $17. 10 per pound $ 35.91 Direct labor 1.00 hours $15.60 per hour $ 15.60 Variable manufacturing overhead 1.00 hours $ 9.50 per hour $ 9.50 Total standard cost per unit $ 61.01 References Total Variances Reported Standard Price Quantity or costs or Rate Efficiency Direct materials $538, 650 $ 9,715 F $ 34, 200 U Direct labor $234,000 $ 3, 200 U $ 15, 600 U Variable manufacturing overhead $142,500 $ 4, 300 F *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? (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. Number of units produced 15,00 2. Pounds of direct material purchased and used in production 13,50 Actual cost per pound S 16.63 Actual direct labor-hours 15,00 5. Actual rate per direct labor-hour S 6. Actual variable manufacturing overhead cost $ 138,256