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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
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 period. The company's manufa ir. joverhead cost is applied to production on the basis of direct labor-hours. All of the materials purchased luring the period were used i. production. Work in process inventories are insignificant and can be ignored. equired: How many units were produced last period? How many pounds of direct material were purchased and used in production? What was the actual cost per pound of material? Note: Round your answer to 2 decimal places. How many actual direct labor-hours were worked during the period? What was the actual rate paid per direct labor-hour? Note: Round your answer to 2 decimal places
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