Vitex, Inc, manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Standard Inputs Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit (1) Standard Quantity or Hours 2.20 pounds 1.00 hours 1.00 hours (2) Standard Price or Rate $16.90 per pound $15.30 per hour $ 9.20 per hour (1) M (2) $37.18 $15.30 $ 9.20 $61.68 Direct materials Direct labor Variable manufacturing overhead Total Variances Reported Standard Price Quantity or Cost or Rate Efficiency $70:420 12102 33 H00 | $290,7 00 $ 4,0 00 $ 15,300 U $174,800 $ 4,100 F $ 7 U "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. 2. Number of units produced Pounds of direct material purchased and used in production Prev 1 of 1 Direct materials Direct Labor Variable manufacturing overhead Total Variances Reported Standard Price Quantity or Conte Or Rate Efficiency $706,420 $12.702 P $33.800 190,700 4, 600 t 15,300 g $174,800 $ 4,100 P "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. 2. Number of units produced Pounds of direct material purchased and used in production Actual cost per pound Actual direct labor hours Actual rate per direct labor hour Actual variable manufacturing overhead cost 5. 6
