Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PA9-1 Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO 9-3, 9-4, 9-5) Chapter 9 GRADEO Honesork Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins.

image text in transcribed
image text in transcribed
PA9-1 Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO 9-3, 9-4, 9-5) Chapter 9 GRADEO Honesork Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows Standard Standard Price Quantity .70 lbs. 180 per Ib 1.70 hrs. $10.00 per hr. Standand Unit Cost 3.06 17.00 1.87 (Rate) Direct materials (clay) Direct labor Variable manufacturing overhead (based on 1.70 hrs 1.10 per hr direct labor hours) Flxed manufacturing overhead ($402,500.00+ 2.30 175,000.00 units) Barley Hopp had the following actual results last year 180,000 328.200 $ 623,580 225,000 $3,082,500 $ 350,000 $ 400,000 Number of units produced and sold Number of pounds of clay uned Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Flxed overhead cost Required 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. (Do not round your intermediato calculations. Indicate the effect of each variance b selecting "F for favorable and "U" for unfavorable.) Direct Materials Price Variance Direct Materials Quantity Variance Direct Matorials Spending Variance

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

Step: 3

blur-text-image

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

Electronic Health Records An Audit And Internal Control Guide

Authors: Rebecca S. Busch

1st Edition

0470258209, 978-0470258200

More Books

Students also viewed these Accounting questions

Question

Define the terms quality of design and quality of conformance.

Answered: 1 week ago

Question

a. How do you think these stereotypes developed?

Answered: 1 week ago

Question

7. Describe phases of multicultural identity development.

Answered: 1 week ago