Question

Refer to the information in PA9-1 for Barley Hopp.
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:
Prepare the journal entry to record the following for Barley Hopp:
1. Direct materials costs and related variances. Assume the company purchases raw materials as needed and does not maintain any ending inventories.
2. Direct labor and related variances.
3. Variable overhead costs and related variances.



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  • CreatedFebruary 27, 2015
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