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Check my work N 10 points Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard unit Quantity
Check my work N 10 points Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard unit Quantity (Rate) Cost Direct materials (clay) 1.70 lbs $ 1.00 per lb. 3.06 1.70 hrs. $10.00 per hr. 17.00 Variable manufacturing overhead (based on direct 1.70 h. $ 1.10 per he. 1.87 labor hours) Fixed manufacturing overhead (3402, 560.00 2.30 175,000.00 units) Skipped eBook Barley Hopp had the following actual results last year: References old Member of units produced and sold Member of pounds of clay used Cost of clay Kramber of Labor hours worked Direct labor cost Variable overhead cost Pixed overhead cost 180,000 328.200 $ 623.500 225,000 $3,082,500 $ 350,000 $ 400,000 Required: 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable and "U" for unfavorable.) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance Check my work 3 For each of the following independent cases, fill in the missing amounts in the table (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) 10 points Case Direct Labor Rate Skipped A$ B $ cs Direct Labor Direct Labor Variance Efficiency Variance Spending Variance 850 U S 1,400 F 1,900 F 5 3.300 U 1,100F $ 2.000 F $ $ 500U 5 2.700 U $ $ 1.200 F $ 2.050 U 750 US 1.250 U U E FS References Check my work 4 10 points Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Standard Price Standard Unit Quantity (late) Coast Direet materiale plastie) Batt. $ 1.20 per . 5 9.60 Direct labor 0.hr $13.30 per he. 3.99 Variable manufacturing overhead based on direct 0.3 hr. 8 2.40 per he 0.72 labor hours) Fixed manufacturing overhead 0.64 $599,040 + 936,960 unica Skipped . Parker Plastic had the following actual results for the past year: Nosiber of units produced and sold Number of square feet of plastic used Coat of plastic purchased and used Number of Labor hours worked Direct labor cost Variable overhead cost Fixed overhead coat 1,300,000 12,700,000 513,970,000 334,000 $ 4,141,600 51,620,000 5 391.000 References Required: Calculate Parker Plastic's variable overhead rate and efficiency variances and its over or underapplied variable overhead. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "P" for Favorable/Overapplied and "U" for Unfavorable/Underapplied.) Variable Overhead Rate Variance Variable Overhead Enciency Variance Variable Overhead Spending Variance | Homework 8 Saved Help Save & Exit Submit Check my work 5 Alleyway Corp, manufactures two styles of leather bowling bag, the Strike and Turkey. Budgeted production levels for October follow: 9.09 points Production Strike 2,900 bags Turkey 3,200 bags Skipped Two departments, Cutting and Sewing, produce the bowling bags. Direct labor hours needed for each style are as follows: Cutting Seving Strike 0.15 hour per bag 0.35 hour per bag Turkey 0.25 hour per bag 0.6 hour per bag . ebook References Hourly direct labor rates are $11 for the Cutting Department and $15 for Sewing. Required: Determine Alleyway's budgeted direct labor cost for October. (Round your final answers to nearest whole dollar. Do not round your intermediate calculations.) Cutting Sewing Budgeted Direct Labor Cost Check my work 7 Part 1 of 4 Required information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 620 sun visors in May and 320 in June. Each visor sells for $21. Shadee's beginning and ending finished goods inventories for May are 80 and 60 units, respectively. Ending finished goods inventory for June will be 60 units. 9.09 points Skipped Suppose that each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $10 per hour. . Required: Determine Shadee's budgeted direct labor cost for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) Book Hint May June Budgeted Direct Labor Cost For each of the following independent cases, fill in the missing amounts in the table: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Case Direct Labor Rate Direct Labor Direct Labor Variance Efficiency Variance Spending Variance $ 1,500 $ 2,700 F 1,250 F $ 2,000 u $ 1,750 F $ 3,300 F $ 1,250 U $ 4,000 U $ 1,850 F $ 2,700 U $ 1,400 U $ 1,900 U D E F F Check my work 9 10 points Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Standard Price Standard Unit Quantity (Rate) Cost Direct materials (plastic) 12 sq ft. $ 0.70 per sq. $ 8.40 Direct labor 0.55 hr. $10.45 per hr. 5.75 Variable manufacturing overhead (based on direct 0.55 hr. $ 0.95 per hr 0.52 labor hours) Fixed manufacturing overhead 0.65 $637,000 + 980,000 units) Skipped eBook Parker Plastic had the following actual results for the past year: Hint Number of units produced and sold Number of square feet of plastic used Cost of plastic purchased and used Number of labor hours worked Direct labor cost Variable overhead cost Pixed overhead coat 1,080,000 12,420,000 $ 8,445,600 589,000 $ 5,919,450 $ 618,450 $ 624,000 References Required: Calculate Parker Plastic's fixed overhead spending and volume variances and its over- or underapplied fixed overhead. (Indicate the effect of each variance by selecting "F" for favorable/Overapplied and "U" for unfavorable/underapplied.) Fixed Overhead Spending Variance Fixed Overhead Volume Variance Over-or Underapplied Fixed Overhead
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