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Barley Hopp, Incorporated, manufactures custom - ordered commemorative beer steins. Its standard cost information follows: Standard Quantity Standard Price ( Rate ) Standard Unit Cost

Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows:
Standard Quantity Standard Price (Rate) Standard Unit Cost
Direct materials (clay)1.80 pounds $ 1.90 per pound $ 3.42
Direct labor 1.80 hours $ 11.00 per hour 19.80
Variable manufacturing overhead (based on direct labor hours)1.80 hours $ 1.10 per hour 1.98
Fixed manufacturing overhead ($396,000.00-: 180,000.00 units)2.20
Barley Hopp had the following actual results last year:
Number of units produced and sold 185,000
Number of pounds of clay purchased and used 338,200
Cost of clay $ 676,400
Number of labor hours worked 230,000
Direct labor cost $ 3,680,000
Variable overhead cost $ 360,000
Fixed overhead cost $ 380,000

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