Unit Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($356,500.00 ÷ 155,000.00 units) Barley 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 Required: Standard Quantity Standard Price (Rate) 1.70 pounds 1.70 hours $ 1.80 per pound $ 13.00 per hour Cost $ 3.06 22.10 1.70 hours $ 1.40 per hour 2.38 2.30 160,000 288,200 $ 547,580 205,000 $ 3,587,500 $ 310,000 $ 350,000 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value (positive number) and then use the drop-down menu to indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance MacBook Air Show less A
Unit Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($356,500.00 ÷ 155,000.00 units) Barley 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 Required: Standard Quantity Standard Price (Rate) 1.70 pounds 1.70 hours $ 1.80 per pound $ 13.00 per hour Cost $ 3.06 22.10 1.70 hours $ 1.40 per hour 2.38 2.30 160,000 288,200 $ 547,580 205,000 $ 3,587,500 $ 310,000 $ 350,000 1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp. 2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value (positive number) and then use the drop-down menu to indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance MacBook Air Show less A
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...
Related questions
Question
![Unit
Direct materials (clay)
Direct labor
Variable manufacturing overhead (based on
direct labor hours)
Fixed manufacturing overhead ($356,500.00 ÷
155,000.00 units)
Barley 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
Required:
Standard Quantity
Standard Price (Rate)
1.70 pounds
1.70 hours
$ 1.80 per pound
$ 13.00 per hour
Cost
$ 3.06
22.10
1.70 hours
$ 1.40 per hour
2.38
2.30
160,000
288,200
$ 547,580
205,000
$ 3,587,500
$ 310,000
$ 350,000
1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp.
2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp.
3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3
Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp.
Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value (positive
number) and then use the drop-down menu to indicate the effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero variance).
Direct Labor Rate Variance
Direct Labor Efficiency Variance
Direct Labor Spending Variance
<Prev
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MacBook Air
Show less A](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6f0e7a9f-effc-44e9-b62c-d95630207452%2F485a1638-d53b-4efa-98b1-89c0d41a3169%2Ft4s2cx_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Unit
Direct materials (clay)
Direct labor
Variable manufacturing overhead (based on
direct labor hours)
Fixed manufacturing overhead ($356,500.00 ÷
155,000.00 units)
Barley 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
Required:
Standard Quantity
Standard Price (Rate)
1.70 pounds
1.70 hours
$ 1.80 per pound
$ 13.00 per hour
Cost
$ 3.06
22.10
1.70 hours
$ 1.40 per hour
2.38
2.30
160,000
288,200
$ 547,580
205,000
$ 3,587,500
$ 310,000
$ 350,000
1. Calculate the direct materials price, quantity, and total spending variances for Barley Hopp.
2. Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp.
3. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3
Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp.
Note: Do not round your intermediate calculations. Enter the dollar value of the variance as an absolute value (positive
number) and then use the drop-down menu to indicate the effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero variance).
Direct Labor Rate Variance
Direct Labor Efficiency Variance
Direct Labor Spending Variance
<Prev
1 of 1
www
Next >
MacBook Air
Show less A
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