Question: please help explain how you get the answer. Thank you. Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: (2) (1) Standard Standard Standard Quantity or Price Cost Inputs Hours or Rate (1) X (2) Direct materials 2.50 pounds $16.50 per pound $ 41.25 Direct labor 1.00 hours $15.70 per hour $15.70 Variable manufacturing overhead 1.00 hours $ 9.20 per hour $9.20 Total standard cost per unit $ 66.15 Total Variances Reported Standard Price Quantity or Cost or Rate Efficiency Direct materials $742,500 $ 13,638 F $ 33,000 U Direct labor $282,600 $3,800 U $ 15,700 U Variable manufacturing overhead $165,600 $ 4,900 F $ tu "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 rate paid per direct lobor-hour? (Round your answer to 2 decimal places.) 6 How much actual variable manufacturing overhead cost was incurred during the period? 1 18,000 2 3 Number of units produced Pounds of direct material purchased and used in production Actual cost per pound Actual direct labor hours Actual rate per direct labor-hour Actual variable manufacturing overhead cost 4 5. 6
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