Seved Help Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system (2) (1) Standard Standard Standard Quantity or Price Cost Inputs Hours or Rate (1) x (2) Direct materials 2.10 pounds $16.80 per pound $35.28 Direct labor 1.00 hours $15.40 per hour $15.40 Variable manufacturing overhead 1.00 hours $ 9.20 per hour $.9.20 Total standard cost per unit $59.88 Direct materials Direct labor Variable manufacturing overhead Total Variances Reported Standard Price Quantity or Costa or Rate Efficiency $635, 040 $11,542 F $ 33,600 V $277,200 $ 3,800 U $ 15,400 V $165,600 $ 4.900 F $ pu *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. Total Variances Reported Standard Price Quantity or Cost or Rate Efficiency Direct materiais $635,040 $11,542F $33,680 Direct Labor 2,2n 3 0 0 15,400 | Variable sanufacturing overhead $165,600 $ 4,900F SU "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? 3 4 Number of units produced Pounds of Grect material purchased and used in production Actual cost per pound Acun dret bor hours Actual e por derect labor hour Actualmentacing the cost 16 Prov 1 of 5 SE Next >