Barley Hopp, Incorporated, manufactures custom - ordered commemorative beer steins. Its standard cost information follows: Standard Quantity
Question:
Barley Hopp, Incorporated, manufactures customordered commemorative beer steins. Its standard cost information follows:
Standard Quantity Standard Price Rate Standard Unit Cost
Direct materials clay pounds $ per pound $
Direct labor hours $ per hour
Variable manufacturing overhead based on direct labor hours hours $ per hour
Fixed manufacturing overhead $: units
Barley Hopp had the following actual results last year:
Number of units produced and sold
Number of pounds of clay purchased and used
Cost of clay $
Number of labor hours worked
Direct labor cost $
Variable overhead cost $
Fixed overhead cost $
Required:
Calculate the direct materials price, quantity, and total spending variances for Barley Hopp.
Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp.
Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp.
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips