Requried 1 : | ||
Actual direct materials rate = Actual direct materials cost / Actual direct materials quantity = 397120 / 248200 | 1.60 | |
Direct materials price variance = ( Actual price - Standard price ) * Actual quantity = ( 1.60 - 1.70 ) * 248200 | -24820 | F |
Standard direct materials quantity for actual production = Standard direct materials quantity per unit * Actual unit production = 1.60 * 140000 | 224000 | |
Direct materials quantity variance = ( Actual quantity - Standard quantity ) * Standard rate = ( 248200 - 224000 ) * 1.70 | 41140 | U |
Standard direct materials cost for actual production = Standard direct materials quantity for Actual production * Standard rate = 224000 * 1.70 | 380800 | |
Direct materials spending variance = Actual cost - Standard cost = 397120 - 380800 | 16320 | U |
Required 2 : | ||
Actual direct labor rate = Actual direct labor cost / Actual direct labor hours = 3626000 / 185000 | 19.60 | |
Direct labor rate variance = ( Actual rate - Standard rate ) * Actual hours = ( 19.60 - 16.00 ) * 185000 | 666000 | U |
Standard direct labor hours for actual production = Standard direct labor hours per unit * Actual units production = 1.60 * 140000 | 224000 | |
Direct labor efficiency variance = ( Actual hours - Standard hours ) * Standard rate = ( 185000 - 224000 ) * 16.00 | -624000 | F |
Standard direct labor cost for actual production = Standard direct labor hours for actual production * Standard rate = 224000 * 16.00 | 3584000 | |
Direct labor spending variance = Actual cost - Standard cost = 3626000 - 3584000 | 42000 | U |
Required 3 : | ||
Actual variable overhead rate = Actual variable overhead cost / Actual direct labor hours = 270000 / 185000 | 1.46 | |
Variable overhead rate variance = ( Actual rate - Standard rate ) * Actual hours = ( 1.46 - 1.20 ) * 185000 | 48100 | U |
Variable overhead efficiency variance = ( Actual hours - Standard hours ) * Standard rate = ( 185000 - 224000 ) * 1.20 | -46800 | F |
Standard variable cost for actual production = Standard direct labor hours for actual production * Standard rate = 224000 * 1.20 | 268800 | |
Variable overhead spending variance = Actual cost - Standard cost = 270000 - 268800 | 1200 | U |
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.60...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.60 lbs. Standard Unit Cost $ 2.72 Standard Price (Rate) $ 1.70 per lb. $10.00 per hr. 1.10 per hr. Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($273,000.00 105,000.00 units) 1.60 hrs 1,60 hrs 16.00 1.76 2.60 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of...
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...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.68 lbs 1.6e hrs. Standard Price (Rate) $ 1.70 per lb. $16.00 per hr. Standard Unit Cost $ 2.72 25.68 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($374,000.e0 +170,e00.00 units) $ 1.38 per hr. 1.60 hrs. 2.08 2.20 Barley Hopp had the following actual results last year Number of units produced and sold Number of pounds...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.70 lbs 1.70 hrs. Standard Price (Rate) $ 1.8e per lb. $10.00 per hr. Standard Unit Cost $ 3.06 17.00 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($346,500.00 165,808.88 units) 1.70 hrs. $ 1.40 per hr. 2.38 2.10 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds...
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 ($273,000.00 = 105,000.00 units) Standard Quantity 1.60 lbs. 1.60 hrs. 1.60 hrs. Standard Price (Rate) $ 1.70 per lb. $ 10.00 per hr. $ 1.10 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 ($275,000.00 + 110,000.00 units) Standard Quantity 1.60 lbs. 1.60 hrs. 1.60 hrs. Standard Price (Rate) $ 1.70 per lb. $11.00 per hr. $ 1.10 per hr. Standard Unit Cost $ 2.72 17.60 1.76 2.50 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 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) Standard Quantity 1.70 lbs. Standard Standard Price (Rate) Unit Cost $ 1.89 $ 3.86 1.70 hrs. $ 10.00 per hr. 17.00 Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($346,500.00 + 165,000.00 units) per 1.70 hrs. $ 1.40 hr. 2.38 2.10 Barley Hopp had the following actual results last year Number of units produced and sold 170,000 Number of...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantit Direct materials (clay) 1.70 lbs. Direct labor 1.70 hrs. Variable manufacturing overhead (based on direct labor hours) 1.70 hrs. Fixed manufacturing overhead ($346,500.00 165,000.00 units Standard Price a te $ 1.80 per 1b. $10.00 per hr. Standard Unit Cout 5 3.06 17.00 $ 1.40 per hr. 2.38 2.10 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 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...