PA9-1 Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO

Question

PA9-1 Calculating Direct Material, Direct Labor, Variable Overhead Variances [LO 9-3, 9-4, 9-5] Chapter 9 GRADED Homework Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows Standard Quantity Standard Price Standard (Rate) Unit Cost 17.00 1.87 2.80 $ 3.06 Direct materials (clay) Direct labor Variable manufacturing overhead (based on 1.70 lbs. 1.70 hrs. 1.80 per lb $10.00 per hr 1.70 hrs 1.10 per hr direct labor hours) Fixed manufacturing overhead ($392,000.00 + 140,000.00 units) Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 145,000 258,200 $ 438,940 190,000 $2,508,000 $ 280,000 $ 410,000

Explanation / Answer

2 Direct labor rate variance 608000 U =2508000-(190000*10) Direct labor efficiency variance 565000 F =10*(190000-145000*1.7) Direct labor spending variance 43000 U =2508000-(145000*17) 3 Variable overhead rate variance 71000 U =280000-(190000*1.1) Variable overhead efficiency variance 62150 F =1.1*(190000-145000*1.7) Variable overhead spending variance 8850 U =280000-(145000*1.87)

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.