Case 10-17 Working Backwards from Variance Data [LO010-1, L010-2, L010-3] Vitex, Inc. manufactures a popular consumer product and t has provided the following data excerpts from its standard cost system Standard Price or Rate Standard (1) Standard Quantity or Cost Inputs Direct materials Direct labor Variable manufacturing overhead Hours 2.30 pounds 1.00 hours $16.80 per pound $15.40 per hour 1.00 hours 9.40 per hour$ 9.40 $38.64 $15.40 $63.44 Total standard cost per unit Variances Reported Total Standard Price Quantity or Cost or Rate Efficiency $656,880 11,919F33,600 U $261,800 3,600 15,400 U $159,800 4,400F Direct materials Direct labor Variable manufacturing overhead 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 materlal? (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 perlod? 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 rate per direct labor-hour 6. Actual variable manufacturing overhead cost 17,000