Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($520,000.00 + 200,000.00 units) arley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay purchased and used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost Standard Quantity 1.90 pounds 1.90 hours $2.00 per pound $ 15.00 per hour Standard Price (Rate) Cost $ 3.80 28.50 1.90 hours $ 1.20 per hour 2.28 2.60 205,000 378,200 $ 794,220 250,000 $ 5,875,000 $ 450,000 $ 510,000

Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($520,000.00 + 200,000.00 units) arley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay purchased and used Cost of clay Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost Standard Quantity 1.90 pounds 1.90 hours $2.00 per pound $ 15.00 per hour Standard Price (Rate) Cost $ 3.80 28.50 1.90 hours $ 1.20 per hour 2.28 2.60 205,000 378,200 $ 794,220 250,000 $ 5,875,000 $ 450,000 $ 510,000

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Description: please answer this with must explanation , computation for each parts and steps answer in text form Barley Hopp, Incorporated, manufactures custom-ordered commemorative beer steins. Its standard cost information follows:Standard QuantityStandard Pric

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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