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PA9-1 (Algo) Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO 9-3, 9-4, 9-5] Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard
PA9-1 (Algo) Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO 9-3, 9-4, 9-5] Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Standard Unit Standard Quantity: Standard Price (Rate) Cost 1.70 pounds $ 1.80 per pound $ 3.86 $ 12.00 per hour 20.40 1.70 hours $ 1.10 per hour 1.87 2.30 Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($425,500.00 + 185,000.00 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 1.70 hours 190,000 348,200 $ 661,580 235,000 $ 3,901,000 $ 370,000 $ 415,000
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