help appreciated! Thank you in advance :)
Solution:
Journal Entries - Barley Hopp | |||
Event | Particulars | Debit | Credit |
1 | Work in process Dr (111300*$2.52) | $280,476.00 | |
Fixed overhead spending variance Dr ($221,760-$315,000) | $93,240.00 | ||
To Cash | $315,000.00 | ||
To Fixed overhead volume variance | $58,716.00 | ||
(To record fixed manufacturing overhead) |
help appreciated! Thank you in advance :) Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its...
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 ($253,000 - 115,000 units) Standard Quantity 1.6 lbs. 1.6 hrs. 1.6 hrs. $ $ $ Standard Price (Rate) 1.70 per Ib. 12 per hr. 1.1 per hr. Standard Unit Cost $ 2.72 19.20 1.76 2.20 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 ($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: 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 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: Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($338,000.00 - 130,000.00 units) Standard Quantity 1.70 lbs. 1.70 hrs. 1.70 hrs. Standard Price (Rate) $ 1.80 per lb. $15.00 per hr. $ 1.10 per hr. Standard Unit Cost $ 3.06 25.50 1.87 2.60 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) 1.70 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 Price (Rate) 1.70 per lb $14.00 per hr. Standard Standard Unit Cost $2.72 22.40 Quantity 1.60 lbs. Direct materials (clay) 1.60 hrs. Direct labor Variable manufacturing overhead (based on direct 1abor hours) Fixed manufacturing overhead ($352,000.00 160,000.00 units) 2.08 $ 1.30 per hr. 1.60 hrs. 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 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 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...