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VItex, Incorporated manufactures a popular consumer product and It has provided the following data excerpts from Its standard cost system: Inputs Direct materials Direct labor

image text in transcribed VItex, Incorporated manufactures a popular consumer product and It has provided the following data excerpts from Its standard cost system: Inputs Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit (1) Standard Quantity or Hours 2.30 pounds 1.00 hours 1.00 hours (2) Standard Price or standard cost (1) Rate (2) $17.80 per pound $39.10 $15.98 per hour $15.98 $9.48 per hour $64.40$9.40 Total Variances Reported standard Cost* Price or Rate Quantity or Direct materials $664,700 $11,919F Efficiency Direct labor $270,300 $3,680U $34,000U variable manufacturing overhead $159,800 $4,580F $15,960U $?U *Applied to Work in Process during the perlod. The company's manufacturing overhead cost is applied to production on the basis of direct labor-hours. All of the materlals purchased during the perlod were used in production. Work In process Inventorles are Insignificant and can be Ignored. Required: 1. How many units were produced last perlod? 2. How many pounds of direct materlal were purchased and used In production? 3. What was the actual cost per pound of materlal? (Round your answer to 2 decimal places.) 4. How many actual direct labor-hours were worked during the perlod? 5. What was the actual rate pald per direct labor-hour? (Round your answer to 2 declmal places.) 6. How much actual varlable manufacturing overhead cost was incurred during the perlod

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