Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard Quantity 1.4 lbs. $ 1.90 per lb. 1.8 hrs. $11.00 per hr. (Rate) Unit Cost Direct materials (clay) $ 2.66 Direct labor Variable manufacturing overhead (based on direct labor hours) Pixed manufacturing overhead ($238,080 + 93,000 unita) 19.80 1.8 hrs. $ 1.40 per hr. 2.52 2.56 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay used Cost of elay Number of labor hours wMorked 119,100 150,000 $ 255,000 154,100 $ 560,100 $ 178,600 $ 340,000 Direct labor cost Variable overhead cost Fixed overhead cost Required: Prepare the journal entry to record Barley Hopp's fixed manufacturing overhead costs and related variances for last year. (If nc required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Standard Price Standard Quantity 1.4 lbs. $ 1.90 per lb. 1.8 hrs. $11.00 per hr. (Rate) Unit Cost Direct materials (clay) $ 2.66 Direct labor Variable manufacturing overhead (based on direct labor hours) Pixed manufacturing overhead ($238,080 + 93,000 unita) 19.80 1.8 hrs. $ 1.40 per hr. 2.52 2.56 Barley Hopp had the following actual results last year: Number of units produced and sold Number of pounds of clay used Cost of elay Number of labor hours wMorked 119,100 150,000 $ 255,000 154,100 $ 560,100 $ 178,600 $ 340,000 Direct labor cost Variable overhead cost Fixed overhead cost Required: Prepare the journal entry to record Barley Hopp's fixed manufacturing overhead costs and related variances for last year. (If nc required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Chapter5: Process Costing
Section: Chapter Questions
Problem 2PA: The following product costs are available for Arrez Company on the production of DVD cases: direct...
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