Answered step by step
Verified Expert Solution
Question
1 Approved Answer
6. PLEASE CORRECT INCORRECT ANSWERS: Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Variable manufacturing
6. PLEASE CORRECT INCORRECT ANSWERS:
Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($420,500.00 + 145,000.00 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 Standard Quantity 1.70 pounds 1.70 hours Required 1 Required 2 Required 3 Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance 1.70 hours. Required: 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. 150,000 268, 200 $ 455,940 195,000 Complete this question by entering your answers in the tabs below. $ 2,827,500 $ 290,000 $ 440,000 > Answer is complete but not entirely correct. $ 78,000 X U $ 66,000 F $ 12,000 X U 1.87 2.90Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started