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Please and thank you Case 10-17 (Algo) Working Backwards from Variance Data [LO10-1, LO10-2, LO10-3] VItex, Incorporated manufactures a popular consumer product and It has
Please and thank you
Case 10-17 (Algo) Working Backwards from Variance Data [LO10-1, LO10-2, LO10-3] VItex, Incorporated manufactures a popular consumer product and It has provided the following data excerpts from its standard cost system: *Applied to Work in Process during the perlod. The company's manufacturing overhead cost is applied to production on the basis of direct labor-hours. All of the materlals purchased during the perlod were used in production. Work in process Inventorles are Insignificant and can be ignored. Requlred: 1. How many units were produced last perlod? 2. How many pounds of direct materlal were purchased and used in production? 3. What was the actual cost per pound of materlal? (Round your answer to 2 decimal places.) 4. How many actual direct labor-hours were worked during the perlod? 5. What was the actual rate pald per direct labor-hour? (Round your answer to 2 decimal places.) 6. How much actual varlable manufacturing overhead cost was Incurred during the perlodStep by Step Solution
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