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1. value: 5.00 points Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity Standard Price (Rate) Standard Unit Cost
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value: 5.00 points
| Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: |
| Standard Quantity | Standard Price (Rate) | Standard Unit Cost | |||||
| Direct materials (clay) | 1.70 | lbs. | $ | 1.80 | per lb. | $ | 3.06 |
| Direct labor | 1.70 | hrs. | $ | 13.00 | per hr. | 22.10 | |
| Variable manufacturing overhead (based on direct labor hours) | 1.70 | hrs. | $ | 1.40 | per hr. | 2.38 | |
| Fixed manufacturing overhead ($356,500.00 | |||||||
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