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Need help with finding How much actual variable manufacturing overhead cost was incurred during the period? Vitex, Inc. manufactures a popular consumer product and it
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How much actual variable manufacturing overhead cost was incurred during the period?
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system (1) Standard Quantity or Standard Price or Rate Standard Cost Inputs Direct materials Direct labor Variable manufacturing overhead Hours $39.84 $15.10 $ 9.20 $64.14 2.40 pounds 1.00 hours $16.60 per pound $15.10 per hour 1.00 hours9.20 per hour Total standard cost per unit Total Variances Reported Standard Price uantity or or Rate Efficiency Cost* Direct materials Direct labor Variable manufacturing overhead $717,120 13,108 F33,200 U $271,800 3,800 U15,100 U ? U $165, 600 4,500 F$ 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 ignoredStep by Step Solution
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