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please help! thanks in advance! Barley Hopp, Inc., manufactures-custom-ordered commemorative beer steins. Its standard cost information follows: Direet materials (elay Direct labor Variable manufacturing overhead
please help! thanks in advance!
Barley Hopp, Inc., manufactures-custom-ordered commemorative beer steins. Its standard cost information follows: Direet materials (elay Direct labor Variable manufacturing overhead (based on direct labor hour Fixed manufacturing overhead $268,570 - 107,000 unit) dandardi pead Osttity ta it co 2012 2010 per 15. 2.31 1. hrs. 11.00 per lir. 20.30 1.9 hrs. $ 1.40 per hr 2.66 2.51 Barley Hopp had the following actual results last year Number of units produced and hold Number of pounds of ally used Cost of clay Number of labor hours worked Direct labor cont Variable vechead out Pied overhead coat 93,000 220,300 $ 209,285 151.700 51,881.00 3242,720 $265,000 Required: 1 & 2. Prepare the journal entries to record the direct materials, direct labor and related variances for Barley Hopp. Assume the company purchases direct materials as needed and does not maintain any ending inventories (Do not round your intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Required: 1& 2. Prepare the journal entries to record the direct materials, direct labor and related variances for Barley Hopp. Assume the company purchases direct materials as needed and does not maintain any ending Inventories. (Do not round your intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entry for direct materials costs and variances, Notter det fore credits credit con 1 Onnonal Journal Cont of Good Bold Direct Materials Quantity Variance Direct Materia Price Varono Cash or Accounts Payable Record entry Clear entry View general Journal Required: 18 2. Prepare the Journal entries to record the direct materials, direct labor and related variances for Barley Hopp, Astume the company purchases direct materials as needed and does not maintain any ending Inventories (Do not round your intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field) View transactions Journal entry worksheet Record the entry for direct labor costs and variance Dell Cost of Goods Sold Dund Labor Elicine Variance Direct Libor Rate Variance Cash or Accounts Payable Record entry Clear entry View general jouma Step by Step Solution
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