Case 10-17 Working Backwards from Variance Data [LO10-1, LO10-2, LO10-3] Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Inputs Direct labor Direct materials Variable manufacturing overhead Total standard cost per unit (1) Standard Quantity or Hours 2.20 pounds 1.00 hours 1.00 hours (2) Standard Price or Rate $16.40 per pound Standard Cost (1) x (2) $36.08 $15.70 $ 9.40 per hour $ 9.40 $61.18 $15.70 per hour Direct materials Direct labor Variable manufacturing overhead Total Standard Cost Variances Reported Price or Rate $685,520 $ 12,702 F $298,300 $ 4,000 U $178,600 $ 4,600 F *Applied to Work in Process during the period. Quantity or Efficiency $ 32,800 U $ 15,700 U 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 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 rate per direct labor-hour 6. Actual variable manufacturing overhead cost