Vitex Inc manufactures a popular consumer product and it has

Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system:

*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 labor-hour? (Round your answer to 2 decimal places.)

6. How much actual variable manufacturing overhead cost was incurred during the period?

Inputs	(1) Standard Quantity or Hours	(2) Standard Price or Rate	Standard Cost (1) × (2)
Direct materials	2.10	pounds	$	16.90	per pound	$	35.49
Direct labor	1.00	hours	$	15.90	per hour	$	15.90
Variable manufacturing overhead	1.00	hours	$	9.50	per hour	$	9.50
Total standard cost per unit						$	60.89

Solution

1 Units produced last period = Standard material used / Standard material per unit 638,820/35.49 18000 2 DM purchased and used in production =(Material quality variance / standard rate) + Standard of meters of direct materials used 11,542/16.90 + (2.1*18000) 38483 3 Actual cost per pound of material (638,820-11542)/(38483-683) 16.59 4 15,900 5 (286,200-3800)/15900 17.76 6 (171000-4000) 167000