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Vitex Inc manufactures a popular consumer product and it has provided the following data excerpts from its standard cost (1) Standard Quantity or Standard Price
Vitex Inc manufactures a popular consumer product and it has provided the following data excerpts from its standard cost (1) Standard Quantity or Standard Price or Rate Standard Cost Hours Direct materials Direct labor Varlable nanufacturing overhead Total standard cost per unit 2.10 pounds $16.70 per pound 1.ee hours $15.70 per hour 1.00 hours $ 9.se per hour9.58 $ 35.87 5 15.70 $ 60.27 Total Variances Reported Standard Price Quantity or cost or Rate Efficiency Direct materials Direct labor Varlable manufacturing overhead 5298,300 s 4,000 U 15,70a u 5180,500 s 4,500F u Appilied to Work in Process during the period. 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 enswer to 2 decimel places.) 6. How much actual variabl e manufacturing overhead cost was incurred during the period? 1 Number of units produced Pounds of direct material purchased and used in production cost par pound Actual drect labor-hours 5 Actual rate per diract labor-hour ? Actual variabl" mianutacturing overhead cost
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