Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Here Barley Hopp, Inc, manufactures custom ordered commemorative beer stenst standard cost information follow Standard Quantity 1.90 1.5hrs Direct materials (Clay) Direct labor Variable manufacturing

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Here Barley Hopp, Inc, manufactures custom ordered commemorative beer stenst standard cost information follow Standard Quantity 1.90 1.5hrs Direct materials (Clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($520,000.00 200,000.00 units) Standard Pred te) that.Cost 52.00 per 1b $ 3.80 $15.00 per hr 28.50 $ 1.20 per hr 2.28 2.60 1.90 hrs. Barley Hopp had the following actual results last year Number of its produced and sold Number of pounds of clay used Cost of clay Number of laten hours worked Direct labor cost Variable owerhead cost Fixed overhead Co 205,000 378,200 SM,220 250,000 55,875,000 $450,000 $ 510,000 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 Hop 3. Calculate the variable overhead rate officiency, and total spending variances for Barley Hopp question locatering your answers in the tabs below. 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, eficiency, and total spending variances for Barley Hopp block Complete this question by entering your answers in the tabs below. Prir Required: Required 2 eren Calculate the direct materiais price, quantity, and total spending variances for Barley Hopp (Do not round your intermediate calculations. Indicate the effect of each variance by selecting for favorable, "u for unfavorable, and "None" for no efect 0..muto variance):) Direct Materials Price Variance Direct Mas Quantity Varance Dined Materials Spending Variance Required 2 > CY 1 - Variable Fixed 550,000 $10,000 10 Required: 1. Calculate the direct materials price quantity, and total spending wines for Barley Hop 2. Calculate the direct laborate efficiency and total spending varices for By Hopp 3. Calculate the variable overtred rate, encyand total spending varices for Barley Hopp. Complete this question by entering your answers in the tabs below. Arred Bad Required) Calculate the deed Roured afficiency, and total pending variance for taley Hopp (Do not und your immedia calculation indicate the effect of each variance by cing for favor, for denne for e, a.) Decorate Variance Die Labor Enceney Van Divebor Spending Vince Required 1 Required a > . 10 Required: 1. Calculate the direct materials nice. Guantity, and to spending variances for Barley Hoop 2. Calculate the direct laborate officiency and total spending variances for By Hopp 3. Calculate the variable overhead officiency, and total spending variances for Barley Hope Complete this question by entering your answers in the tabs below. Calculate the write ed2 efficiency, to spend for Beyone. Do you intermediate cautions Infect of any electing off for not be ance) V Overtad de Variance Ve Oven Van Varading we (Required a

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_2

Step: 3

blur-text-image_3

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 And Assurance Services An Integrated Approach

Authors: Alvin A. Arens . Randal J. Elder . Mark S. Beasley

15th Global Edition

0273790005, 978-0273790006

More Books

Students also viewed these Accounting questions

Question

Excel caculation on cascade mental health clinic

Answered: 1 week ago

Question

Have you laid out a timeframe for refreshing the data regularly?

Answered: 1 week ago

Question

Have you laid out the information as clearly as possible?

Answered: 1 week ago

Question

Have you tested your findings with those closest to the market?

Answered: 1 week ago