Req 1 and 2
Fixed Overhead spending Variance | $ 10,500.00 | Favorable |
Fixed Overhead Volume Variance | $ 11,500.00 | Favorable |
Working:
Fixed Overhead spending Variance | =Actual Fixed Overhead - Budgeted Fixed Overhead |
=415000-425500 | |
-10500 | |
Fixed Overhead Volume Variance | =Applied Fixed Overhead - Budgeted Fixed Overhead |
=(2.3*190000)-425500 | |
11500 |
Req. 3
$ 22,000.00 | Fixed Overhead | Overapplied |
Working:
Overhead /Under applied | = Applied Overhead - Actual Overhead |
=437000-415000 | |
22000 |
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.7 lbs. 1.7 hrs. Standard Price (Rate) $ 1.80 per lb. $ 12 per hr. Standard Unit Cost $ 3.06 20.40 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($425,588 = 185,000 units) 1.7 hrs. $ 1.1 per hr. 1.87 2.38 Barley Hopp had the following actual results last year: Number of units produced and sold Number...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.7 lbs. 1.7 hrs. Standard Price (Rate) $ 1.80 per lb. $ 11 per hr. Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($420,500 + 145,000 units) Standard Unit Cost $ 3.06 18.70 1.7 hrs. $ 1.1 per hr. 1.87 2.90 Barley Hopp had the following actual results last year Number of units produced and sold Number...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.8 lbs 1.8 hrs Standard Price Standard Unit Cost 3.42 19.80 (Rate) $1.90 per lb. 11 per hr. 1.1 per hr Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead (S396,000 180,000 units) 1.8 hrs $ 1.98 2.20 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost Information follows: Standard Standard Price Standard Quantity 1.7e lbs 1.7e hrs (Rate) 1.80 per 1b $13.00 per hr. Unit Cost Direct materials (clay) 3.06 Direct labor 22.10 Variable manufacturing overhead (based on direct labor hours) 1.7e hrs 1.1 per hr. 1.87 Fixed manufacturing overhead ($276,eee.ee 120, eee.ee units) 2.30 Barley Hopp had the following actual results last year Number of units produced and sold Number of pounds of clay...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($273,000 = 105.000 units) Standard Quantity 1.6 lbs. 1.6 hrs. 1.6 hrs. Standard Price (Rate) $ 1.70 per ib. $ 10 per hr. $ 1.1 per hr. Standard Unit Cost $ 2.72 16.00 1.76 2.60 Barley Hopp had the following actual results last year: Number of units produced and sold Number...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($487,500 = 195,000 units) Standard Quantity 1.8 lbs. 1.8 hrs. 1.8 hrs. Standard Price (Rate) $ 1.90 per lb. $ 16 per hr. $ 1.1 per hr. Standard Unit Cost $ 3.42 28.80 1.98 2.50 Barley Hopp had the following actual results last year: Number of units produced and sold Number...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($425,500.00 + 185,000.00 units) Standard Quantity 1.70 lbs. 1.70 hrs. 1.70 hrs. Standard Price (Rate) $ 1.80 per lb. $12.00 per hr. $ 1.10 per hr. Standard Unit Cost $ 3.06 20.40 1.87 2.30 Barley Hopp had the following actual results last year: Number of units produced and sold Number of...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (clay) 1.6 lbs. $ 1.70 per lb. $ 2.72 Direct labor 1.6 hrs. $ 16 per hr. 25.60 Variable manufacturing overhead (based on direct labor hours) 1.6 hrs. $ 1.3 per hr. 2.08 Fixed manufacturing overhead ($374,000 ÷ 170,000 units) 2.20 Barley Hopp had the following actual results last year: Number of units produced and sold 175,000...
Barley Hopp, Inc., manufactures custom-ordered commemorative
beer steins. Its standard cost information follows:
Standard Quantity
Standard Price (Rate)
Standard Unit Cost
Direct materials (clay)
1.70
lbs.
$
1.80
per lb.
$
3.06
Direct labor
1.70
hrs.
$
15.00
per hr.
25.50
Variable manufacturing overhead (based on direct labor
hours)
1.70
hrs.
$
1.10
per hr.
1.87
Fixed manufacturing overhead ($338,000.00 ÷ 130,000.00
units)
2.60
Barley Hopp had the following actual results last year:
Number of units produced and sold
135,000...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard Quantity 1.60 lbs. (Rate) $ 1.70 per lb. $16.00 per hr. Unit Cost Direct materials (clay) 2.72 Direct labor 1,60 hrs. 25.60 Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($364,500.00 135,000.00 units) 1.20 per hr 1.60 hrs 1.92 2,70 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay...