Question

Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows:
.:.
Barley Hopp had the following actual results last year:
Number of units produced and sold .... 110,000
Number of pounds of clay used ...... 178,200
Cost of clay ............. $ 267,300
Number of labor hours worked ..... 150,000
Direct labor cost ......... $2,025,000
Variable overhead cost ........ $ 200,000
Fixed overhead cost ........ $ 270,000

Required:
Calculate the following for Barley Hopp:
1. Direct materials price, quantity, and spending variances.
2. Direct labor rate, efficiency, and spending variances.
3. Variable overhead rate, efficiency, and spending variances.



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  • CreatedFebruary 27, 2015
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