Question
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) 1.60
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) | 1.60 | lbs. | $ | 1.70 | per lb. | $ | 2.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Direct labor | 1.60 | hrs. | $ | 12.00 | per hr. | 19.20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable manufacturing overhead (based on direct labor hours) | 1.60 | hrs. | $ | 1.10 | per hr. | 1.76 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed manufacturing overhead ($450,000.00 150,000.00 units) | 3.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Barley Hopp had the following actual results last year:
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