Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: ...
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Barley Hopp, Inc., manufactures customordered commemorative beer steins. Its standard cost information follows: Standard Quantity Standard Price Rate Standard Unit Cost Direct materials clay lbs $ per lb $ Direct labor hrs $ per hr Variable manufacturing overhead based on direct labor hours hrs $ per hr Fixed manufacturing overhead $: units Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay used Cost of clay $ Number of labor hours worked Direct labor cost $ Variable overhead cost $ Fixed overhead cost $ Required: Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp.
Barley Hopp, Inc., manufactures customordered commemorative beer steins. Its standard cost information follows:
Standard Quantity Standard Price Rate Standard Unit Cost
Direct materials clay lbs $ per lb $
Direct labor hrs $ per hr
Variable manufacturing overhead based on direct labor hours hrs $ per hr
Fixed manufacturing overhead $: units
Barley Hopp had the following actual results last year:
Number of units produced and sold
Number of pounds of clay used
Cost of clay $
Number of labor hours worked
Direct labor cost $
Variable overhead cost $
Fixed overhead cost $
Required:
Calculate the direct materials price, quantity, and total spending variances for Barley Hopp.
Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp.
Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp.
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