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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 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. Requlred: 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 declmel pleces.) 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 declmal places.) 6. How much actual variable manufacturing overhead cost was incurred during the period
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