Manufactures custom-ordered commemorative beer steins

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Reference no: EM131296423

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. $ 14.00 per hr. 22.40 Variable manufacturing overhead (based on direct labor hours) 1.60 hrs. $ 1.20 per hr. 1.92 Fixed manufacturing overhead ($312,500.00 ÷ 125,000.00 units) 2.50 Barley Hopp had the following actual results last year: Number of units produced and sold 130,000.00 Number of pounds of clay used 228,200.00 Cost of clay $ 365,120.00 Number of labor hours worked 175,000.00 Direct labor cost $ 2,975,000.00 Variable overhead cost $ 250,000.00 Fixed overhead cost $ 330,000.00

Reference no: EM131296423

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Manufactures custom-ordered commemorative beer steins : 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...

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