Question: ork 9 Saved Help Save & Exit Subm Check my work Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct

ork 9 Saved Help Save & Exit Subm Check my work Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (elay) Direct labor Variable manufacturing overhead (based on direct labor hours) Pixed manufacturing overhead ($230, 230 - 91,000 units) Standard Standard Price Standard Quantity (Rate) Unit Cont 1.7 lbs. $ 1.70 per 1b. $ 2.89 2.4 hrs. $12.00 per hr. 28.80 2.4 hrs. $ 1.50 per hr. 3.60 Book 2.53 prences Barley Hopp had the following actual results last year 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 cont Fixed overhead cost 111,300 120,000 $ 186,000 146,300 5 597,800 $ 181,300 $ 330,000 Required: Prepare the journal entry to record Barley Hopp's fixed manufacturing overhead costs and related variances for last year. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Journal entry worksheet
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
