Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

350 Barley Hopp, Inc, manufactures custom-ordered commemorative beer steins. Its standard cost information follows ate) 1.70 lbs.$ 1.80 per Ib 1.70 hrs. $ 1000 per

image text in transcribed
image text in transcribed
350 Barley Hopp, Inc, manufactures custom-ordered commemorative beer steins. Its standard cost information follows ate) 1.70 lbs.$ 1.80 per Ib 1.70 hrs. $ 1000 per hr Variable manufacturing overhead (based on 1.70 hrs S 140 per hr Direct materials (clay) labor hours) 165,000.00 units) $ 3.06 17.00 2.38 Fixed manufacturing overhead ($346,500.00+ 2.10 Barley Hopp had the following actual results last year Number of units produced and sold Number of pounds of clay used Cost of clay Number of labor hours worked Direct labor cost 170,000 308,200 $ 585,580 215,000 $2,795,000 S 330,000 340,000 cost Fixed overhead cost uired alculate the direct materials price, quantity, and total spending variances for Barley Hopp (Do not round your intermediate calculati or unfavorable.) 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. In unfavorable.) a corabiar vherappiad and he -fo nttoianble anderappliensing varances or Bariey Hopp.(0o not round your intermeiate calcuaions Calculate the variable overhead rate, e Variable Overhead Rate Variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Today

Authors: Emile Woolf

3rd Edition

013052168X, 9780130521682

More Books

Students also viewed these Accounting questions

Question

Explain the forces that influence how people handle conflict

Answered: 1 week ago

Question

Compare levels of resolution in conflict outcomes?

Answered: 1 week ago