Reference no: EM132796803
Vitex.inc manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Standard Coat Inputs Direct materials Direct labor Variable manufacturing overhead Total standard cont per unit (1) Standard Quantity or Hours 2.10 pounds 1.00 hours 1.00 hours (2) Standard Price or Rate $16.80 per pound $15.50 per hour $ 9.10 per hour (C) (2) $35.28 $15.50 $. 9.10 $59.88 Total Variance Reported Standard Price Quantity or Cost or Rate riciency Direct materiais $635, 040511,542 $33, 600 W Direct labor 0279,000,000 $ 15,500 Variable manutacturing overhead $163,100 $4,600 7 5 "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.
Required:
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 decimal places.)
4. How many actual direct labor-hours were worked during the period?
5. What was the actual rote paid per direct labor hour? (Round your answer to 2 decimal places.)
The company's manufacturing overhead cost is applied to production on the basis of direct labor-hours. All of the materials pure during the period were used in production. Work in process 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 in production?
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 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 manufacturing overhead cost was incurred during the period?
1 Number of units produced
2. Pounds of direct material purchased and used in production
3. Actual cost per pound
4 Actual direct labor-hours
5 Actual rato per direct labor-hour
6. Actual variable manufacturing overhead cost