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Calculate the direct labor rate and efficiency

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Reference no: EM131105185

Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows:

Standard Quantity

Standard Price (Rate)

Standard
Unit Cost

Direct materials (clay)

1.60 lbs.

$ 1.70 per lb.

$ 2.72

Direct labor

1.60 hrs.

$ 16.00 per hr.

25.60

Variable manufacturing overhead (based on direct labor hours)

1.60 hrs.

$ 1.30 per hr.

2.08

Fixed manufacturing overhead ($374,000.00 Af· 170,000.00 units)

2.20

Barley Hopp had the following actual results last year:

Number of units produced and sold

175,000.00

Number of pounds of clay used

318,200.00

Cost of clay

572,760.00

Number of labor hours worked

220,000.00

Direct labor cost

4,510,000.00

Variable overhead cost

340,000.00

Fixed overhead cost

380,000.00

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.

Reference no: EM131105185

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