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Vitex, incorporated manufactures a popular consumer product and it has provded the foliowing data excerpts from its standard cost cystem. Appiled to Work in Process
Vitex, incorporated manufactures a popular consumer product and it has provded the foliowing data excerpts from its standard cost cystem. Appiled to Work in Process during the period: The company's marulacturing overhead cost is applied to production on the bssis of direct laborhours. All of the materias purchased duning the penod were used in production. Work in process ifventorles are insignificant and can be lgnored. Required: 1. How mary 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 matertal? (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 manuflacturting overhesd cost was incurred durting the period
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