Vitex, Inc. manufactures a popular consumer product and it hasprovided the following data excerpts from its standard costsystem:
| Inputs | (1) Standard Quantity or Hours | (2)
Standard
Price
or Rate | Standard
Cost
(1) Ă— (2) |
| Direct materials | 2.10 | pounds | $ | 16.50 | per pound | $ | 34.65 |
| Direct labor | 1.00 | hours | $ | 15.40 | per hour | $ | 15.40 |
| Variable manufacturing overhead | 1.00 | hours | $ | 9.40 | per hour | $ | 9.40 |
| Total standard cost per unit | | | | | | $ | 59.45 |
|
| Total | Variances Reported |
| Standard
Cost* | Price
or Rate | Quantity or
Efficiency |
| Direct materials | $ | 623,700 | $ | 11,542 | F | $ | 33,000 | U |
| Direct labor | $ | 277,200 | $ | 3,800 | U | $ | 15,400 | U |
| Variable manufacturing overhead | $ | 169,200 | $ | 4,900 | F | $ | ?†| U |
|
*Applied to Work in Process during the period.
The company's manufacturing overhead cost is applied toproduction on the basis of direct labor-hours. All of the materialspurchased during the period were used in production. Work inprocess 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 inproduction?
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 theperiod?
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 wasincurred during the period?
